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

[applegrove]

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

Making everything more expensive? Only by a fraction of a percentage point

Jason Markusoff · CBC News · Posted: Sep 08, 2023 10:42 AM EDT | Last Updated: 6 hours ago

https://www.cbc.ca/news/canada/calgary/carbon-tax-inflation-tiff-macklem-calgary-1.6960189

"SNIP......

Macklem stands firm on 2% inflation target and willingness to hike more to get there

Pierre Poilievre's Conservatives have made much sport of arguing the Trudeau Liberals' tool to fight climate change has severely affected the affordability of fuel, groceries and other goods. While the Opposition party has never put a number on it, the figure has never appeared to be as rhetorically small as Macklem put it.

In questions following a luncheon address to the Calgary Chamber of Commerce, the central bank head said his team's inflation-watching takes into consideration the Trudeau government decision to annually hike its price on carbon by $15 per tonne.

"So each year it's 0.15 (per cent), but that's a relatively small effect on year-over-year inflation," Macklem told reporters.

.......SNIP"

Applegrove:

Pierre Poilievre's speech at the Conservative Convention this weekend is supposed to tie high inflation to Trudeau's carbon pricing. Good luck planting that bit of bullshit.

[BlueWavePsych]

1. Poilievre can't ignore climate change. Just look at what is happening to Alberta's crops.

'Scary situation' in Alberta's drought-stricken fields raises questions about farming's future

The president of the Rural Municipalities of Alberta (RMA) says a dire situation has emerged for various municipalities, especially in the southern and eastern parts of the province.

"There's just not enough time, if we did have the moisture required, and just too late germination. So it's a pretty scary situation," Paul McLauchlin said.

Such conditions are likely to spark some bigger conversations about the future of food security in the province, McLauchlin said, especially when it comes to agricultural disasters.

"Coming into a hotter and drier future, we've got to start having bigger discussions on how we can mitigate this for the long run."

https://www.cbc.ca/news/canada/calgary/alberta-agricultural-disaster-wheatland-county-paul-mclauchlin-1.6909002

[applegrove]

2. Not to mention if all the glaciers go, so does the pretty aqua water in Banff.

Will hit the tourist industry hard. Glaciers rubbing against rock creates glacial flour that then get down to some lakes in the spring and summer. It gives the striking aqua pastel colour to some lakes. Then by fall the aqua colour is fading as the silt all goes to the bottom of the lake. So once the glaciers are gone so does premium Alberta tourism.