This week, FP Video delves into several pressing economic topics, including Alberta's proposal to adopt permanent Daylight Savings Time, Shell's decade-long energy projects across Canada, the persistent rise in food prices, and the future moves of the Bank of Canada regarding interest rates. Additionally, we examine whether OPEC's influence over global oil supply is waning following the United Arab Emirates' departure.
Alberta's Clock Change Debate
Alberta's proposal to eliminate the biannual clock change has ignited a significant debate. We spoke with a family-owned fish and chip shop near Calgary to understand the potential impact on their small business. The owners shared how their income could be affected by the shift, highlighting the real-world implications of this policy change.
Shell's Canadian Transformation
Over the past decade, Shell PLC has dramatically reshaped its operations in Canada. From abandoning oilsands projects to securing a massive natural gas deal, the company's strategic decisions have redefined its presence in the country. This segment explores the pivotal moments that altered Shell's trajectory.
Food Inflation Insights
Mike von Massow, a professor of Food Agriculture and Resource Economics at the University of Guelph, sat down with Financial Post's Larysa Harapyn to discuss food inflation. He explained the factors driving prices higher and offered insights into the volatility of food costs.
Bank of Canada's Rate Path
Andrew Grantham, senior economist at CIBC Capital Markets, analyzed the Bank of Canada's recent decision to hold interest rates steady. He provided his outlook on potential future rate hikes, suggesting they could be consecutive if economic conditions warrant.
OPEC's Shifting Influence
OPEC was originally formed to give oil-producing countries control over their resources. However, with the UAE leaving the cartel, OPEC's grip on global oil supply is under new pressure. This development has significant implications for Canada's oil industry, affecting jobs, prices, and Alberta's economy.
