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Auto Talks a Chance to Reinforce the Canadian Industry’s Lasting Potential
As Canada’s auto industry grapples with the fallout from Donald Trump’s erratic and mutually-damaging tariffs, the union representing auto workers has opened its triennial round of major bargaining with the major North American automakers. First up will be talks with Ford, which has invested $5 billion in its Canadian operations despite the tariffs. In this commentary, originally published in the Toronto Star, Centre for Future Work Director Jim Stanford discusses the importance of this bargaining in enhancing stability for both workers and the automakers, and showcasing the advantages of Canadian auto manufacturing – advantages which, he argues, will outlast Trump.
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Webinar on New Report: A Sequel We Don’t Want
The Centre for Future Work recently hosted a webinar presenting results from its new report, A Sequel We Don’t Want: What the 2026 Oil Price Shock Will Cost Canadians. The webinar featured presentations from Jim Stanford (Centre for Future Work Director, and author of the report), Atila Jaffar (Canada Country Manager from 350.org, sponsor of a campaign for an excess profit tax on petroleum companies), and DT Cochrane (Senior Economist at the Canadian Labour Congress).
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Oil Price Spike Causing More Trouble for Canada’s Economy
Centre for Future Work Economist and Director Jim Stanford was recently interviewed on CBC News Channel regarding the outlook for Canada’s economy. He stressed that growth has been near-zero since U.S. president Donald Trump launched his trade war through big tariffs on Canadian exports. He also explained how high oil prices resulting from Trump’s attacks on Iran and the resulting disruption in global oil supplies would affect inflation in Canada, citing findings from the Centre’s recent report on the inflationary impacts of the war.
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Senate Testimony on the Canadian Economic Outlook
Centre for Future Work Economist and Director Jim Stanford was recently invited to testify before the Senate of Canada’s National Finance committee, regarding the economic and fiscal outlook for the country. The testimony was part of the committee’s hearings regarding certain aspects of budget implementation (including measures announced in the recent Spring Economics and Fiscal Update).
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Political Drama Over Technical Recession Not Justified
Canada’s economy has been growing very slowly for the last year, since Donald Trump launched his trade war against Canada’s exports. The side-effects of Trump’s attacks against Iran (including high oil prices and accelerating inflation) have further undermined growth in Canada. Recent Statistics Canada data indicate that real GDP in Canada (adjusted for inflation) declined very slightly (by 0.036%) in the first quarter of 2026. Coming on the heels of a larger decline in real GDP in the final quarter of 2025, this signifies that Canada is experiencing a ‘technical recession” – traditionally defined as two consecutive quarters of contraction in real GDP. There is no doubt that Canada’s economy…