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Decentralized Democracy

House Hansard - 244

44th Parl. 1st Sess.
November 1, 2023 02:00PM
Madam Speaker, if it costs the farmer more to grow food and costs the trucker more to ship food, it is going to cost families more to buy food to feed their children. When the Bank of Canada governor, Tiff Macklem, appeared on Monday before the finance committee, my colleague, the member for Northumberland—Peterborough South asked the governor how the carbon tax affects inflation. Governor Macklem said that it is really two separate questions.
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Madam Speaker, Governor Macklem said there are two separate questions. The governor said, “...how much are the increases in the carbon tax adding to inflation each year? That number is about .15 percentage points of inflation. That's the direct impact on those three components.”
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Madam Speaker, the three components the governor referred were those raised by my colleague, which were gasoline, diesel fuel and natural gas. Governor Macklem continued—
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