In the span of a week, Canadians were witness to economic headlines which appear to confirm that the country’s overall performance wasn’t as advertised near the end of October when, as the Federal election neared its end, there was little to suggest the economy wasn’t firing on all cylinders. Whether coincidence or the deliberate withholding of negative news in the midst of an election, what’s clear is that Canada’s economy is now underperforming and it has serious consequences for all Canadians.
Earlier this month, Canada’s Eco-Fiscal Commission, an economic think tank devoted to climate change policy, released a report on the eve of the annual climate meeting in Spain (COP25). It found that the price tag to honour Canada’s commitment to the 2015 Paris Climate Agreement means everyone will soon need to pay what amounts to a $210 a tonne carbon tax. Few Canadians will appreciate the onerous costs this actually represents – let me explain.
Reports today that the New Brunswick government has accepted imposing a carbon tax levy after the Trudeau government foisted one on consumers last April, following the Higg’s government’s initial refusal to comply, comes as a distinct disappointment and merely a delay of inevitably higher prices for all forms of energy services in that province.
Reports this morning that Canada’s Ecofiscal Commission says Canadians will need to pay $210 a tonne carbon tax to meet its Paris Agreement on Climate Change isn’t going to be cheap. The report estimates an extra 40 cents a litre at the pumps, but in reality that cost is much higher.
Canadians for Affordable Energy: New Alberta Premier Jason Kenney has promised to axe Alberta’s carbon dioxide tax on May 30, a positive move that would save Alberta taxpayers $1.4 billion. But before Albertans celebrate, federal Environment Minister Catherine McKenna says she’s preparing to impose a federal carbon tax on the province. New numbers show that Ottawa’s carbon tax will hit Albertans hard in the wallet.
50% of Manitoba homes heat with natural gas, their costs set to increase 32% by 2022 thanks to Liberal’s so-called “carbon price” (aka carbon tax) The impact of the carbon tax will not be the same for everyone. Those who use natural gas and suburban/rural families who drive long distances will be most affected.