The Financial Post reports in its Thursday, Nov. 7, edition that capital expenditures in the oil and gas sector are projected to exceed $40-billion in 2025, marking the highest level in a decade, according to Enserva. The Post's Meghan Potkins writes that this increase is primarily driven by the Trans Mountain Pipeline expansion and the upcoming LNG Canada project, set to begin operations in mid-2025. BMO analyst Randy Ollenberger noted that Canada's export capacity has increased by 13 per cent due to TMX and could rise by 20 per cent with LNG Canada, positioning the industry for significant growth in the next three to five years. He said: "These are big numbers. And all of that's going to drive incremental investments, so we are going to see growth in oil production in Canada as a consequence of the availability of that pipeline capacity, and we're going to see growth in natural gas production." Capital spending in the Canadian oil patch rose over 9 per cent in 2024, driven by double-digit growth in the oil sands, according to an Enserva report. However, with global oil demand expected to slow next year due to slower growth in China, Enserva expects capital spending in Canadian oil and gas to be more muted.