The Current

The Current

Three stories to expand your worldview, delivered daily. Matt Galloway cuts through a sea of choice to bring you stories that transcend the news cycle. Conversations with big thinkers, household names, and people living the news. An antidote to algorithms that cater to what you already know — and a meeting place for diverse perspectives. In its 20 years, the Current has become a go-to place for stories that shape and entertain us. Released daily, Monday to Friday.


The Current is produced in Toronto, Ontario, Canada — and has recently recorded live shows about the Canadian election in Surrey and Burnaby BC. And shows to come in Oshawa and the 905, Red Deer, Alberta, Quebec City and Halifax.

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Bölümün özeti

This episode explores the economic impact of rising oil prices in Canada driven by the U.S.-Iran war. Economist Jim Stanford argues for a windfall tax to redistribute excess profits from oil companies back to consumers, while industry consultant Richard Masson defends Alberta's existing price-sensitive royalty system. The discussion further examines the potential risks of a federal windfall tax, specifically how it might discourage refinery investment and exacerbate supply issues in the refined products market. The debate also touches upon the political implications regarding provincial jurisdiction over natural resources.

Bölümler

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Öne çıkanlar

If you count the upstream side that produces the oil and extracts it and the downstream side that refines it, we could see total profits of $100 billion this year.

00:02:43 · Jim Stanford provides an estimate of the potential record-breaking profits for the Canadian oil industry due to the price shock.

It's the policy choice. We have set up our energy industry, our petroleum industry in particular, in a way that allows global companies to charge Canadians world prices for oil that's produced, refined, distributed and used right here in Canada.

00:07:48 · Jim Stanford argues that high domestic gas prices are a result of regulatory policy rather than inevitable supply and demand.

And if we start charging windfall taxes on refineries, It's going to make it even a worse investment environment for people to keep refineries running at full capacity.

00:15:01 · The speaker warns that taxing refinery profits could lead to further refinery closures and reduced supply of essential fuels.

If the federal government starts stepping in on provincial jurisdiction or ownership of resources, you end up in conflict in a heck of a hurry.

00:16:51 · The speaker highlights the potential for political tension between Alberta and the federal government regarding resource control.

Suncor also doubled its royalty payments from $600 million last year to $1.2 billion.

00:19:27 · The speaker uses Suncor's increased royalty payments to argue that higher oil prices are already contributing significantly to provincial revenue.

Bölümler

9861-

Should Big Oil’s windfall be taxed?

This episode explores the economic impact of rising oil prices in Canada driven by the U.S.-Iran war. Economist Jim Stanford argues for a windfall tax to redistribute excess profits from oil companies back to consumers, while industry consultant Richard Masson defends Alberta's existing price-sensitive royalty system. The discussion further examines the potential risks of a federal windfall tax, specifically how it might discourage refinery investment and exacerbate supply issues in the refined products market. The debate also touches upon the political implications regarding provincial jurisdiction over natural resources.

06 Ağu 2026
9860-

Is AI killing reality?

Host Matt Galloway interviews deepfake expert Hani Farid about the rapid acceleration and increasing realism of AI-generated media. Farid explains how the lack of barriers to entry for AI technology makes it difficult for even experts to distinguish between real and fake content, using a case study of a missile strike video to demonstrate the complex forensic analysis required to verify authenticity. The discussion also addresses the dangers of misinformation on social media, emphasizing that the speed and scale of information movement is a greater threat than AI itself. Farid argues for returning to trusted news sources, warns against engagement-driven algorithms, and provides practical advice for protecting mental health by reducing social media usage.

06 Ağu 2026
9859-

Are the U.S. and Iran in a forever war?

This episode explores potential diplomatic deals to reopen the Strait of Hormuz and the broader implications for U.S.-Iran relations. Experts Greg Karlstrom and Ali Váez analyze the complexities of interim agreements, the strategic use of maritime choke points by Iran, and the economic risks facing global markets. The discussion further examines the geopolitical risks involving critical maritime choke points and the potential for global economic instability due to energy price fluctuations. The segment also explores internal political dynamics in both the United States and Iran regarding diplomatic solutions and the threat of a 'forever war'.

05 Ağu 2026
9858-

SpaceX rocket seems to have smashed into Moon

Astronomers are monitoring the aftermath of a significant SpaceX Falcon 9 rocket crash on the moon. Natalie Ouellette, deputy director of the Trottier Institute for Research on Exoplanets, discusses the difficulty of observing the impact live and the potential scientific benefits of studying the resulting debris plume and fresh lunar material. The conversation also addresses the growing dangers of space debris and the urgent need for international regulation as satellite constellations like Starlink rapidly expand Earth's orbital traffic.

05 Ağu 2026
9857-

Why Gen Z is obsessed with pretend shopping

This episode of The Current Podcast explores the viral phenomenon of 'dopamine sites' in South Korea, where users engage in the ritual of online shopping without ever actually purchasing or receiving products. These fake shopping platforms replicate the entire consumer experience—from browsing to tracking deliveries—to provide a psychological boost through simulated transactions. Host Matt Galloway interviews Ria Catapano, an assistant professor of marketing at the Rotman School, University of Toronto, to discuss the consumer psychology behind this trend. The conversation examines how these sites serve as a potential substitute for harmful shopping habits and what the rise of such 'pretend' commerce reveals about modern consumerism and the search for low-cost mood repair.

05 Ağu 2026