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What the Iran war means for Canada's economy
Description
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.
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CREDITS:
Amal Attar-Guzman - Producer
Elia Gross - Editor
Falice Chin - Host
Vahid Salemi/AP Photo - Photo Credit