Commentary,  Inflation,  Macroeconomics

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).

It explains the likely effects of the new global oil price shock on Canadian consumers, inflation, and interest rates. It predicts at least $50 billion in higher direct and indirect costs for consumers (including the flow-through effects of higher oil prices on prices of other products, ranging from transportation to food to housing). It also warned of the possibility of higher interest rates and even slower economic growth.

Please view the entire one-hour webinar on the Centre’s You Tube channel.

Jim Stanford is Economist and Director of the Centre for Future Work, based in Vancouver, Canada. Jim is one of Canada’s best-known economic commentators. He served for over 20 years as Economist and Director of Policy with Unifor, Canada’s largest private-sector trade union.