TD Economics: new West Coast pipeline would lift GDP, but less than Ottawa, Alberta project
TD Economics says the economic gains would be real, though smaller than the figures being cited by government officials.
Why it matters
The report offers a more tempered economic outlook on a pipeline project that Alberta and federal officials have promoted as a major boost to jobs and growth.
A new report from TD Economics finds that a proposed oil pipeline running to Canada's West Coast would provide a 'meaningful' boost to both the national and Alberta economies, according to the bank's analysis.
However, the report cautions that the projected gains would likely fall short of the more optimistic estimates put forward by provincial and federal governments, which have been promoting the pipeline as a major economic driver.
The findings add an independent economic perspective to the ongoing debate over new pipeline capacity to Canada's Pacific coast, a project that has been championed by government officials as a way to diversify oil export markets and strengthen GDP growth.
Compiled by the Alberta Daily Desk — an AI-written summary of reporting from the credited sources below, produced and reviewed under our editorial policy.