A potentially historic El Niño could amplify climate and economic pressures across food systems, energy markets and critical infrastructure, making early preparation essential.  

Alma Cortés Selva, Senior Advisor at the BMO Climate Institute, speaks with Climate Scientist Daniel Swain and BMO Senior Economist Erik Johnson about why the emerging event may rank among the strongest observed. They examine how El Niño interacts with long-term warming, why some regions may face floods while others experience drought, and how agricultural disruption could affect commodity prices, food inflation and interest rates. The conversation also considers how better climate forecasting can give businesses, policymakers and communities valuable time to plan.