A total of $8.3 billion in capital was raised by the Canadian oil and natural gas industry in 2024, down slightly from the $8.8 billion raised in 2023. The slight drop in total financings led to a corresponding decrease in the number of dealers servicing the sector. Year-over-year the number of active dealers servicing the Canadian oil and natural gas industry fell to 29 in 2024, down from the 32 recorded in 2023.