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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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