TD report predicts 'meaningful' GDP boost from West Coast pipeline
TD Economics said the project would still lift GDP, but only 0.6% nationally and 3.5% in Alberta by the 2040s, below government estimates.
- The Canadian Press reported on Monday that a new report suggests the proposed West Coast pipeline may offer smaller economic gains than government projections, with the project to a port south of Vancouver aiming to boost Canadian oil exports.
- Alberta filed an application earlier this month for the million-barrel-a-day pipeline, managed by Crown-owned Trans Mountain Corp, with an estimated cost between $35 billion and $44 billion and Pembina Pipeline Corp holding a 10 per cent stake.
- Government analysis predicts a 0.6 per cent boost to the national economy and 3.5 per cent to Alberta's, while researchers Marc Ercolao and Likeleli Seitlheko suggest the national increase could be more conservative at 0.3 per cent.
- Asia's willingness to absorb Canadian barrels reflects a strategy to secure stable supply from non-Middle Eastern sources, though Canadian heavy barrels face competition from discounted Russian crude and flattening Chinese demand.
- Construction could begin as soon as late 2027, as Ercolao and Seitlheko wrote that while estimates may lean optimistic, the project represents a meaningful contribution to growth when combined with export diversification.
12 Articles
12 Articles
TD report predicts 'meaningful' GDP boost from West Coast pipeline
A new oil pipeline to the West Coast would lift Canada and Alberta's gross domestic product, but perhaps not to the degree the provincial and federal governments are forecasting, says a new report from TD Economics.
The Toronto Star
TD report predicts ‘meaningful’ GDP boost from West Coast pipeline
CALGARY - A new oil pipeline to the West Coast would lift Canada and Alberta's gross domestic product, but perhaps not to the degree the provincial and federal governments are
West Coast pipeline would lift Alberta's GDP: report
A new oil pipeline to the West Coast would lift Canada and Alberta’s gross domestic product, but perhaps not to the degree the provincial and federal governments are forecasting, says a new report from TD Economics. The government analysis predicts a 0.6 per cent boost to the national economy by the 2040s and 3.5 per […]
Top five reasons a new West Coast oil pipeline is in Canada’s national interest | Frontier Centre For Public Policy
A new West Coast pipeline would diversify oil exports beyond the United States, strengthen Canada's economy, create jobs, expand Indigenous ownership, build on proven pipeline safety and support emissions reductions through carbon capture and cleaner production technologies
Coverage Details
Bias Distribution
- 56% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
