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

By WNews 1 Min Read

There’s some, and one could stress some, point to the Conservative Party’s steady drumbeat.

It’s inescapably true that the federal carbon tax makes life for Canadians more expensive — before the “climate action incentive” rebate — and Bank of Canada governor Tiff Macklem reiterated this on a visit to Calgary on Thursday.

He brought further clarity to the highly charged political discourse by putting a number on it.

That number: 0.15 percentage points of the inflation increase can be attributed to the carbon tax.

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Pierre Poilievre’s Conservatives have made much sport of arguing the Trudeau Liberals’ tool to fight climate change has severely affected

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