Centre for Future Work (Canada) @futurework_cda
The Centre for Future Work is a progressive research institute that studies the full range of economic issues facing working people. Vancouver Joined July 2024-
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Crude oil prices are down $14/b (20%) in the last week. Apart from acute embarrassment for Danielle Smith (who called Trump's tariffs last week a "big win for Alberta & Canada"), there's an important lesson to be learned here about how crude oil futures markets work. #cdnecon /2
Affordability is a big issue in this election. But let's be clear about where the problem came from. Higher fossil fuel prices (driven by speculation, not a 'supply shock') were the biggest single cause of the post-COVID surge in inflation. Full report: falseprofits.ca/reports
Who profited from high fossil fuel prices? From 2022–24 oil & gas companies made $151 billion in extra profit, while the avg Canadian household lost $12K due to higher prices for everything, higher interest payments & lost employment income. Get the facts: falseprofits.ca
It's time, yes 👇 ... to both expose this and to question and re-evaluate our reliance. There's so very many jobs needed when we chart our course mostly away from fossil fuels.
It's time, yes 👇 ... to both expose this and to question and re-evaluate our reliance. There's so very many jobs needed when we chart our course mostly away from fossil fuels.
Our Centre for Future Work @futurework_cda has released a new report today adding up the huge (& continuing) costs to Canadians of the 2022 spike in oil prices. Check it out, it's part of our new 'False Profits' project: falseprofits.ca/reports. #cdnecon #canlab /2
This is what economic warfare looks like. More threats. The goalposts keep changing. The chaos continues. A promised pause is broken. Let’s be clear. It is workers who are under attack - both American and Canadian workers. #cdnpoli cbc.ca/news/world/tru…
FACT CHECK: 1. US bilat def w Cda was $40b in '23, fell ≈10% in '24 (source: US CensusBur) 2. Def w Cda 10th largest of US partners 3. US exps 92¢ to Cda for every $1 they imp (far more balanced than US global trade) 4. 76% US imps from Cda are intermediate goods for US firms /2
FACT CHECK: 1. US bilat def w Cda was $40b in '23, fell ≈10% in '24 (source: US CensusBur) 2. Def w Cda 10th largest of US partners 3. US exps 92¢ to Cda for every $1 they imp (far more balanced than US global trade) 4. 76% US imps from Cda are intermediate goods for US firms /2
The reform of capital gains tax for corporations & individuals with over $250K booked gains in 1 year was a good idea, that ran into bad timing. I tell @RadioAnis Heydari with @CBCNews its deferral will make zero difference to investment going forward: cbc.ca/news/business/… /2
I will join @andrewcbc Nichols on @CBCNews Channel in a few minutes to discuss the latest threats emanating from Trump, how his tariffs would hurt 🇺🇸 as much as 🇨🇦, and what we can do to be ready. See our @futurework_cda report for more: centreforfuturework.ca/2025/01/12/who… #cdnecon #canlab
Here's my chat with @jayme_poisson for @CBCNews @FrontBurnerCBC on making the case for 🇨🇦 with Trump: cbc.ca/listen/cbc-pod…. His to-and-fro bluster is clearly designed to keep us off-balance. But we should be confident about our value to the US: they need us, too. #cdnecon /2
This is a rich mythbuster by Gabe Friedman @GabeFriedz for the @financialpost on what becoming the 51st state would really mean: financialpost.com/news/economy/w…. Borders are not just a 'friction'. They help to ground investment so we can be more than a northern hinterland in NA. #cdnecon
“Who’s Subsidizing Whom?” I have written a new report for the Centre for Future Work @futurework_cda rebutting Trump’s arguments that the U.S. “subsidizes” Canada through its bilateral trade deficit: centreforfuturework.ca/wp-content/upl…. #cdnecon #cdnpoli #canlab /2
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