Canada’s Evolving Role as a Global Energy Superpower

For years, Canada sat on one of the world’s largest oil reserves and watched tens of billions of dollars in value erode through constrained export capacity. Thankfully, that era is ending. The Trans Mountain Expansion (TMX) pipeline is now operational and the ambitions behind it are growing rapidly. This oil pipeline is Canada’s most consequential infrastructure investment since the railways.

With throughput already running near full capacity and expansion plans targeting 1.2 million barrels of oil equivalent per day (Mboed), Canada is signaling something more than pipeline growth. It is signaling a fundamental shift in how the country positions itself in the global energy order. But with controversy between the Federal Government and First Nations communities, what does the pipeline mean for the Canadian economy and Canadian equity investors?

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