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. Get daily National news Get daily Canada news delivered to your inbox so you'll never miss the day's top stories. Even so, a bit of caution is warranted,” the TD economists wrote.“Asia’s oil use is expected to flatten over time as Chinese demand approaches a peak over the next decade, driven by rapid (electric vehicle) adoption and a gradual shift toward cleaner energy.
- ▪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.
- ▪Get daily National news Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.
- ▪Even so, a bit of caution is warranted,” the TD economists wrote.“Asia’s oil use is expected to flatten over time as Chinese demand approaches a peak over the next decade, driven by rapid (electric vehicle) adoption and a gradual shift towa
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| Original publisher | Global News |
| Canonical URL | https://globalnews.ca/news/11995398/td-report-gdp-boost-west-coast-pipeline/ |
| Publication time | Mon, 27 Jul 2026 18:04:26 +0000 |
| Retrieval time | 2026-07-27T18:12:49.255Z |
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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 cent to Alberta’s.“While these figures provide a useful benchmark, they should be viewed as proposal-stage estimates from proponents and governments with a clear interest in advancing development, and therefore may lean optimistic,” economists Marc Ercolao and Likeleli Seitlheko wrote in the report released Monday.Using more conservative assumptions, the economists said the increase could be more like 0.3 per cent nationally and two per cent provincially.“Even if the realized…
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