TD Report Warns Government Pipeline Predictions May Be Too Rosy

A new oil pipeline to the West Coast would have a positive impact on Canada and Alberta's economy, according to a report from TD Economics. However, the report suggests that the government's predictions may be overly optimistic.

The government analysis predicts a 0.6 per cent boost to the national economy by the 2040s and 3.5 per cent for Alberta's GDP. In contrast, TD's more conservative estimates suggest a three per cent increase nationally and two per cent provincially.

The pipeline's development is driven by the need to enable more exports across the Pacific, particularly as Asia's oil demand is expected to flatten due to growing adoption of electric vehicles and clean energy in China.