Well, look at that. A proper answer by John Larue.
Now the only question is, how much is this impact to inflation. This report seems to indicate that 0.15 percentage points increase to inflation due to the carbon tax, which would make it a factor, but not the main driver of inflation. So seems a bit blown out of proportion.
Canada’s top banker dragged into carbon tax carveout debate
Prime Minister Justin Trudeau faced a second day of criticism over the carbon tax carveout but resolved there will be no similar breaks for other provinces.www.nationalobserver.com
Hadrian Mertins-Kirkwood, a senior researcher at the Canadian Centre for Policy Alternatives, described Scheer’s framing of Macklem’s comments as “misleading” because Scheer’s math suggests the carbon price increased inflation by 0.6 percentage points this year alone, however Macklem said the average year-over-year increase is 0.15.
Macklem made that point clear to the House committee as well. The 0.6 percentage point decrease would only last one year “and because you can only eliminate it once, the next year it would have no effect on inflation,” Macklem told the committee. On an annual basis, the carbon price adds about 0.15 percentage points to inflation, 0.6 is the estimated impact over the carbon price’s lifetime, he added.
A 0.6 percentage point decrease in inflation for one year doesn't structurally solve the inflation problem, said Mertins-Kirkwood. “It wouldn't really be a meaningful contribution to dealing with inflation.”
The roughly 0.15 percentage point increase to the inflation rate is “not nothing,” Mertins-Kirkwood noted, but said it's also “not a main driver.”
oh boy
Canadian Centre for Policy Alternatives, ???
The union funded , hard left
you could not have picked a more biased source if you tried.
tiff MAcklem ?
He thinks climate change is part of his job . it is not
He is also the one who claimed inflation was transitory, did not raise rates soon enough and then had to shock the financial system by raising rates rapidly.
He has a credibility issue
another issue you are ignoring is the brain dead liberals plan to keep increasing the carbon tax despite the rise in inflation (April of this year)
their ideology prevails over common sense & their responsibility to Canadians who are getting hammered by inflation
The carbon tax is defiantly inflationary and by a whole lot more than you will ever understand, until it is eliminated post election
you are delusional if you think the true cost of the Carbon Tax is covered by rebate cheques ........for anyone
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