Canada's Oil Pipeline Boost: $31.4B GDP, 112K Jobs
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
ATB Financials new study reveals that building more oil pipelines in Canada could significantly boost the economy, adding $31.4 billion to the GDP annually for the next decade. This would result in a 1.1% annual growth and create 112,000 jobs. The report suggests investing in pipelines now under review or approval, with global energy prices on the rise. Prime Minister Mark Carney and Alberta Premier Danielle Smith support this, aiming to double exports to non-U.S. countries and strengthen Canadas global economic standing. The project would require heavy investment, but the potential payoff through exports, royalties, and taxes is promising.
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