AI news brief
Energy sector must plan ahead to avoid cost overruns that marked last oil sands boom, RBC says
Globe and Mail - Business - 2026-10-07
AI Summary
Royal Bank of Canada warns that Canada's energy sector must coordinate supply chains and labour to avoid cost overruns on over $100-billion in proposed infrastructure projects. The report highlights the risk of repeating the expensive delays seen in the last oil sands boom, despite government efforts to expedite approvals and offer tax incentives. Successfully navigating this construction phase could significantly boost Canada's GDP and export revenues, but requires careful management of resources and labour.
Key takeaways
- RBC warns of potential cost overruns in energy infrastructure projects.
- Government initiatives aim to speed up project approvals and offer tax breaks.
- Successful construction could significantly increase Canada's GDP and exports.
What this could mean for homebuyers
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