Pipeline delays impose ’demonstrable’ cost to Canada’s economy: Scotibank

CALGARY — Delayed oil pipeline construction is causing a steep discount for Canadian crude prices that is costing the economy roughly $15.6 billion a year, according to Scotiabank.
“Pipeline approval delays have imposed clear, demonstrable and substantial economic costs on the Canadian economy,” said bank chief economist Jean-Francois Perrault in a report Tuesday.
The discount, however, is expected to ease through the year as more rail capacity becomes available to ship oil, br