What the Iran war means for Canada's economy

Trevor Tombe, professor of economics at the University of Calgary, discusses how the Iran conflict is reshaping Canada's economic landscape. He analyzes the cascading effects of energy price volatility on inflation, interest rates, and consumer costs, while exploring the Bank of Canada's dilemma in responding to potentially temporary shocks. Tombe also discusses the paradox facing oil-producing provinces like Alberta, where higher energy prices strain consumers but significantly boost government revenues and economic growth. The Hub is Canada's fastest growing independent digital news outlet. Subscribe to The Hub's podcast feed to get all our best content: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Watch a video version on YouTube: https://www.youtube.com/@TheHubCanada Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Amal Attar-Guzman - Producer Elia Gross - Editor Falice Chin - Host Vahid Salemi/AP Photo - Photo Credit Hosted on Acast. See acast.com/privacy for more information.