this post was submitted on 20 May 2025
13 points (88.2% liked)

Canada

9700 readers
625 users here now

What's going on Canada?

Related Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

Sorted alphabetically by city name.

🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer

💻 Schools / Universities

Sorted by province, then by total full-time enrolment.

💵 Finance, Shopping, Sales

🗣️ Politics

🍁 Social / Culture

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca

founded 4 years ago
MODERATORS
[email protected]
[email protected]
13
Inflation slows sharply to 1.7% in April as consumer carbon price ends (toronto.citynews.ca)
submitted 3 days ago by [email protected] to c/[email protected]
8 comments fedilink hide all child comments
 

Another news article I am not sure what to make of. There are just so many levels of complexity to this.

Since the carbon tax comes off one time only, for a one time price reduction. and thus only offset price increases this time only, will we see inflation resuming its normal limb next report?

And will we see price reductions in the supermarket to reflect this? Or was in mainly gasoline for transportation and heating that led the offset?

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 3 days ago (2 children)

I, personally, have a hard time believing that producers and corporations aren't going to increase their prices to make up for this difference. Or take half of the price difference so they can say, 'look, its cheaper now!'.

AFAIK, the carbon tax was the foremost method from an economic pressure standpoint, to mitigate our carbon emissions. None of the other methods are as cheap to implement nor as economically evenhanded. Typically, higher income individuals emit more carbon, and thus are taxed more, meaning poorer individuals can actually make money off the carbon tax. That obviously doesn't account for things like inabilities to switch away from propane/gas furnaces, etc, but I don't know of another method that is as fair.

[–] [email protected] 4 points 3 days ago

They already have.

Prices in my town were $1.65, then a week after the tax was removed it went down to $1.34, and three weeks later it was back to $1.63.

[–] [email protected] 1 points 3 days ago

I suspect we are still going to see some form of carbon pricing at the individual level. It still exists for the corporate sector, and I suspect it will increase at the corporate level. I do detect a willingness on Carney's past actions with the Bank of Canada and the Bank of England to not shy away from playing hard ball with industry and business.Someone has to pay for all the damages to infrastructure caused by climate change storm damage.