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Varcoe: 'The stars are aligning' — Ottawa's new tax incentive another significant step for Canadian oilsands growth

"The time is right for Canada to push the gas pedal on the oilsands and on its potential.”

The oilsands is an industry marked by mega-projects. The federal government has just rolled out a new “productivity mega deduction.”

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And Alberta and the energy sector hope Ottawa’s latest move will unleash an investment boom in the oilsands, one that rivals the surge of spending and production that flowed after similar changes were made in the 1990s and early 2000s.

“All of the stars are aligning,” said Heather Exner-Pirot, director of natural resources, energy and environment at the Macdonald-Laurier Institute.

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