This report analyzes the economic impacts of oil sands investment for Canada’s regions. It starts with a rationale for the strong oil sands-related investment outlook, as well as some of the risks that could influence the outlook. The report also provides a discussion of the regional impacts of oil sands investment, including supply chain and income effects, fiscal implications, and the role of income remittances. Part of this discussion is an exam- ination of how real-world companies have become oil sands suppliers. Finally, the report looks at the implica- tions of oil sands investment for Canada’s foreign trade and investment.