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The Keystone oil pipeline infrastructure in North Dakota.
The Keystone oil pipeline infrastructure in North Dakota.
(REUTERS)

IMF says oil exports aren’t so key to Canada’s economic future after all

We are told on a daily basis that approval of new pipelines to export oil and gas are central to Canada’s economic future. Sober economic analysis suggests these claims are rather exaggerated.

A recent International Monetary Fund study of energy development in Canada finds that further expansion of investment and exports would indeed be, on balance, an economic plus. But the report also shows that outside of the energy sector and the producing provinces, the positive impacts of additional exports are surprisingly modest.