Carneyomics and the cost of Donald Trump’s war
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Carneyomics and the cost of Donald Trump’s war
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Economist Jim Stanford discusses the cost of Trump’s Iran War to Canadians and Mark Carney’s economic agenda. Jim estimates the direct economic cost of high fuel prices will reach $50 billion and go higher if it prompts the Bank of Canada to raise interest rates to reduce inflation. Jim also explores the investment banker vision of Mark Carney and concerns that his proposed “sovereign wealth fund” will be a mechanism for privatizing airports, ports and other public infrastructure.
Nikki looks at the series of federal-provincial deals from the Build Canada fund but questions why Nova Scotia seems to have no plan in the works to get federal assistance for provincial priorities.
Tom digs into some new data showing the sales margin for food and fuel retailers is growing at twice the rate of inflation, pouring money into the accounts of food billionaires like the Weston family, who are now using their wealth to fund a new media platform.
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