Carbon Tax Raises Inflation by Around Half a Point: Bank of Canada Governor

Carbon Tax Raises Inflation by Around Half a Point: Bank of Canada Governor
Bank of Canada Governor Tiff Macklem prepares for a press conference in Ottawa on Dec. 15, 2021. Justin Tang/The Canadian Press
Noé Chartier
Updated:

The federal government’s carbon tax is adding nearly half a percentage point to inflation, says Bank of Canada Governor Tiff Macklem.

Macklem had testified before the House finance committee on March 3, where he was asked by Conservative MP Philip Lawrence what the impact of the carbon tax was on the rate of inflation. Macklem did not have that number available at the time but provided a written reply to the committee in a letter dated March 11.

Noé Chartier
Noé Chartier
Author
Noé Chartier is a senior reporter with the Canadian edition of The Epoch Times. Twitter: @NChartierET
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