Canada's Oil Pipeline Expansion Could Boost GDP by $31.4 Billion Annually by 2035

A report by Studio.Energy and ATB Financial highlights that expanding Canada's oil pipeline capacity could add $31.4 billion to GDP annually from 2027 to 2035 and create 112,000 jobs. The report emphasizes the importance of energy export infrastructure for national economic strength, noting that increasing capacity by 1.5 million barrels per day will enhance market access, particularly to Asia-Pacific, and bolster resilience against economic challenges.

Published Mar 20, 2026

A joint report by Studio.Energy and ATB Financial indicates that expanding Canada’s oil pipeline capacity is crucial for economic growth. Building additional capacity could contribute an average of $31.4 billion to real GDP annually from 2027 to 2035 and create around 112,000 jobs, peaking at 136,100 during construction.

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The expansion aims to increase oil exports by 1.5 million barrels per day, addressing low business investment and GDP per capita growth. The report also links this growth to the Pathways Alliance carbon capture project, positioning Canada as a key energy supplier in the Asia-Pacific region.