Category: Economy

Carbon Tax, tug-of-war between Prime Minister and the premiers

TORONTO – The tug of war over the carbon tax continues between Prime Minister Justin Trudeau and the premiers of Canada: in a letter sent to the seven premiers asking for a stop to the imminent increase in the tax (on April 1st) – also to the Liberal premier of Newfoundland and Labrador, Andrew Furey – the Prime Minister writes that ““There are several factors that affect inflation. It is critical to dispel the misconception that Canada’s carbon pricing system is a significant driver of inflation — because that is demonstrably false. According to the Bank of Canada, the carbon price is only responsible for about 0.1 percentage points of annual inflation”.  (more…)