Canadian Research at a Glance - June 19, 2026

研报英文原文证据摘录

Canadian Research at a Glance - June 19, 2026

CANADIAN RESEARCH AT A GLANCE

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Tom Narayan (Analyst) RBC Elements™: The EV Slowdown

(212) 428-2364; tom.narayan@rbccm.com Published June 18 2026 17:35:16 EDT

Charging Network Expands; Used BEV Prices Remain a Drag

Our view: In this report, we leverage the capabilities of RBC ElementsTM, our

proprietary in-house data science team to determine what we think is a key and

overlooked driver for the EV slowdown - used car prices in the US. We also note

that European public charging infrastructure has dramatically improved in 2026.

Our work causes us to cut our 2030 US and China BEV forecasts by 10% and 2%

respectively, though we raise our 2030 Europe BEV forecast by 24%. These changes

are positive for legacy US-exposed OEMs GM/F and negative for pure-play EV

makers RIVN/LCID/TSLA. That said, an eventual EV demand recovery in the US could

provide an opportunity for TSLA to further consolidate market share.

Greg Pardy, CFA (Analyst) RBC Elements™: Trans Mountain Tanker Tracker

(416) 842-7848; greg.pardy@rbccm.com Published June 18 2026 14:54:49 EDT

May 2026—Demand From All Directions

Our analysis shows that 26 oil tankers departed from the Westridge Marine

Terminal in May, representing the highest crude volumes since November. Asian

demand remains the backbone of TMPL flows, but the return of incremental US-

bound exports this month confirms that Canadian crude at tidewater is drawing

interest from multiple markets. As explored in Energy Insights—Think Carrots Not

Sticks, one of the gating factors for the new west coast pipeline contemplated under

the Canada-Alberta MOU is not demand but whether tolls can compete with the

TMPL and US-bound pipeline alternatives. This question should come into sharper