Investment in Canada’s oil and gas sector has declined by 35 per cent.
carbon tax
The carbon tax will increase costs in the petroleum manufacturing sector by 25 per cent.
Ottawa raised personal income tax rates on Canadian workers.
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.