Trevor Tombe

Canadian economist

15 stories

5 quotes

When you hear something like GDP contracting, it seems like an abstract statistical notion, but this translates directly into real incomes and wages. How much goods and services can you afford to purchase with an hour of work
It’s tough to know by how much because this does depend on how long the tariffs last,
So, it’s true to say that Canada has massive tariffs on certain types of items. But this is only true for a very small subset of agricultural products…And even among those products, we don’t typically ‘charge’ those tariffs because the US doesn’t export enough for the tariffs to kick in,
Energy markets are famously volatile and it has always been impossible to predict where things will go because it’s a market where small changes in supply can have big changes in price, and a lot hinges here on how long that lasts,
They experience periods of more rapid price increases, but they also experience periods of price decreases so it is really hard to predict,

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