Trevor Tombe
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trevortombe.bsky.social
Trevor Tombe
@trevortombe.bsky.social

Professor of Economics, University of Calgary | Director, Fiscal/Econ Policy, The School of Public Policy | Alum U of T & SFU | Inflation, carbon taxes, equalization, internal trade, R, and more! | 💻 📊 📝 🍻

Trevor Tombe is a Canadian economist.

Source: Wikipedia
Economics 58%
Political science 29%

Reposted by Trevor Tombe

As Alberta completes its first full year without coal in its power supply mix, renewables (wind, solar, and hydro) have reached 22% of total generation and natural gas makes up 78%.

Waiting for a return to “normal” is a mistake. A new era for Canada’s economy has already begun.

My latest for @TheHubCanada on what the biggest economic stories of 2025 mean for Canada's future: thehub.ca/2025/12/11/... #cdnpoli #cdnecon
Get ready for a troubling new era for the Canadian economy
What the biggest economic stories of 2025 mean for Canada's fiscal future
thehub.ca

Strong jobs report from StatCan this morning. Employment rose 54k in November, and unemployment fell to 6.5%, down 0.6 points from its peak.

More details here: www150.statcan.gc.ca/n1/daily-qu... #cdnecon

Reposted by Trevor Tombe

Today's data: GDP growth for the third quarter of 2025. Positive growth of 0.6% compared to Q2 (annualized rate of 2.6%). A strong report overall, headline growth beat expectations.

Details from StatCan here: www150.statcan.gc.ca/n1/daily-qu... #cdnecon

Full text of the agreement between the federal and Alberta governments is available here: www.pm.gc.ca/en/news/bac... It's big. Strong commitments for a new pipeline to the west coast, and significant increases in climate policy stringency in AB to go along with it.
Canada-Alberta Memorandum of Understanding
PREFACE At this pivotal global moment, Canada and Alberta, working closely with Indigenous Peoples and industry, must work together cooperatively, and within their respective jurisdictions, to foster the conditions necessary for infrastructure, including pipelines, rail, power generation, a strong and integrated transmission grid, ports and other means that will unlock and grow natural resource production and transportation in Western Canada.
www.pm.gc.ca

Note that the agreement they signed is far smaller than what we analyzed (doesn’t include food, and more importantly services / credentials) but is meaningful. Services liberalization is where the larger gains are, we estimate. So more work to do.