Canada's Gas Price Hike: A Policy Problem, Not a Market Force

Canada is being 'hosed at the pumps' despite not being affected by Trump's war on Iran, which has not altered the country's cost of making gas.

The price of gasoline in Canada rose by 10 cents a litre due to foreign conflict, but this increase cannot be attributed to market forces related to the war.

Jim Stanford writes that policy choices, rather than market forces, are responsible for the spike in prices, leading to unnecessary economy-wide inflation and higher interest rates.