Canada may have the ability to substantially raise its GDP and add thousands of new jobs by building more oil pipeline infrastructure, a new study suggests.

According to the report from ATB Financial, Canada could increase its total oil production by 1.5 million barrels per day — an increase of one third — and generate an average $31.4 billion to Canada’s GDP every year for the next decade. Doing this could increase Canada’s GDP by 1.1 per cent every year.

In 2025, GDP averaged 1.7 per cent overall, and after the two previous years each grew by about two per cent.

The ATB research report, titled, “The GDP Payoff of Additional Pipeline Capacity,” was released Wednesday in collaboration with Studio.Energy, a Calgary-based energy research and analytics company.