There's now a Bank of Canada number for carbon tax's impact on inflation. It's small [View all]

There's now a Bank of Canada number for carbon tax's impact on inflation. It's small

Making everything more expensive? Only by a fraction of a percentage point

Jason Markusoff · CBC News · Posted: Sep 08, 2023 10:42 AM EDT | Last Updated: 6 hours ago

https://www.cbc.ca/news/canada/calgary/carbon-tax-inflation-tiff-macklem-calgary-1.6960189

"SNIP......

Macklem stands firm on 2% inflation target and willingness to hike more to get there

Pierre Poilievre's Conservatives have made much sport of arguing the Trudeau Liberals' tool to fight climate change has severely affected the affordability of fuel, groceries and other goods. While the Opposition party has never put a number on it, the figure has never appeared to be as rhetorically small as Macklem put it.

In questions following a luncheon address to the Calgary Chamber of Commerce, the central bank head said his team's inflation-watching takes into consideration the Trudeau government decision to annually hike its price on carbon by $15 per tonne.

"So each year it's 0.15 (per cent), but that's a relatively small effect on year-over-year inflation," Macklem told reporters.

.......SNIP"

Applegrove:

Pierre Poilievre's speech at the Conservative Convention this weekend is supposed to tie high inflation to Trudeau's carbon pricing. Good luck planting that bit of bullshit.