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House Hansard - 291

44th Parl. 1st Sess.
March 19, 2024 10:00AM
Context: House Hansard - 291 - Mar/19/24
Mr. Marcus Powlowski (Thunder Bay—Rainy River, Lib.)
  • Mar/19/24 10:42:39 a.m.
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Mr. Speaker, I can understand the argument that the carbon tax would be inflationary. The problem is that the experts do not seem to think that. For example, the Governor of the Bank of Canada, in September, said that the carbon tax only contributed about 0.15 percentage points to inflation. A Policy Options review in 2023 estimated that carbon taxes increased consumer prices between 2018 to 2023 by 0.6%. Stats Canada, in a B.C. study, figured that only about 0.33% of the increased cost of food was attributable to the carbon tax. I am not sure where the Conservatives are getting their statistics from, but I would like to hear some of their statistics.
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Context: House Hansard - 291 - Mar/19/24
Mr. Marcus Powlowski (Thunder Bay—Rainy River, Lib.)
  • Mar/19/24 5:01:30 p.m.
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Mr. Speaker, I can certainly comprehend this argument that the cost of the carbon tax is going to be passed on to consumers and this is inflationary. It is a good story that the opposition is trying to sell. The problem is that it does not seem to be true or, at least, a lot of experts seem to think that the carbon tax—
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Context: House Hansard - 291 - Mar/19/24
Mr. Marcus Powlowski
  • Mar/19/24 5:02:00 p.m.
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Mr. Speaker, as I was saying, the experts seem to think the carbon tax only minimally contributes to inflation. Let me quote a few of those experts. The Governor of the Bank of Canada in September came to the conclusion that the carbon tax only contributes 0.15% to the inflation rate. In a recent review in Policy Options, a couple of Alberta economists calculated that the carbon tax increased consumer prices by only 0.6% in the last eight years. Stats Canada, in a B.C. study, estimated that the carbon tax only contributed or increased the cost of food by 0.33%. Where are their statistics from? I quoted some. I would like to hear from the opposition. Where are they getting their stats from?
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