CBC Sunday Morning Feature Interview: Trump’s War and the Macroeconomic Outlook
U.S. President Donald Trump’s war against Iran has unleashed a cavalcade of global economic disruptions. Most severe is the impact of the blockage of shipping through the Straits of Hormuz on worldwide oil prices, and supply chains for other commodities (including natural gas, fertilizer, and chemicals). Even though Canada produces far more oil. Gas, and fertilizer than we use, the resulting price spike has hit us, too – as a result of our policy choice to tie domestic prices (even for our own energy) to that global roller-coaster.
In this CBC national radio interview with host Piya Chattopadhyay, Centre for Future Work Director Jim Stanford discusses the impacts of the war (on top of the disruptions from Trump’s tariff policies) on Canada’s economy, in the lead-up to the federal government’s spring fiscal update.
What the government's policy playbook might mean for your pocketbook.
Jim Stanford
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.