A new joint study by Studio.Energy and ATB(Alberta Treasury Branch) Economics concludes that bolstering oil pipeline capacity in Canada could generate a massive bump in investment, increase exports and create more jobs.

By adding 1.5 million barrels per day of additional pipeline capacity out of Western Canada, the country would see annual real gross domestic product (GDP) higher by an estimated $31.4 billion, or 1.1 per cent on average, between 2027 and 2035.

When it comes to employment, the report indicates more pipelines, and increased industry investment to fill the lines would support 112,000 additional jobs, on average, in Canada during the same time frame.

For a country that has been challenged by tepid productivity levels and is striving to diversify exports beyond the United States, these projects could provide a much-needed tonic.

"There's a big prize here, in terms of boosting investment and creating long-term economic prosperity," said energy economist Peter Tertzakian, founder of Studio.Energy.