We’re experiencing a “supply shock,” essentially a reduction in the economy’s capacity to make goods and services.
The court concluded that Ottawa can't encroach upon provincial jurisdiction merely by citing climate change as a national concern.
So-called "trade-exposed” industries are the least able to pass on higher costs to consumers.
The Ecofiscal Commission says carbon taxes must rise to $210 per tonne of greenhouse gas emissions.
A $50 per tonne carbon tax is not enough to significantly change consumer behaviour such as gasoline consumption.
Ottawa’s federal carbon tax is set to hit $50 per tonne in 2022.
Canadians will pay a price for our reduced competitiveness—in the form of lower employment and/or investment.
Of the total amount of taxes paid, most (53.2 per cent) will go to the federal government.
Prime Minister Trudeau said the federal carbon tax will help protect Canadians from extreme weather.