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Low-carbon bucks: Conservatives pitch consumer carbon pricing through savings account
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Conservatives plan to introduce carbon price
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Credit Frequency Podcast Network
And also… bubbles are supposed to burst, aren’t they? At some point? It’s been more than half a decade since house prices in Canada began to truly climb, and that climb has accelerated even through a pandemic. It’s no longer just the big cities that are driving prices, either. It’s the smaller towns outside them and the towns even further down the road when those smaller towns get too expensive.
What has the unending surge done to the Canadian economy? What could stop it? What happens in small Ontario towns when people from Toronto start flooding in and pushing home prices way over asking? And can we still call this a bubble, if some of the underlying factors driving it appear to be here to stay?
Federal plan to hike carbon taxes to $170 per tonne would restrain economy, cost jobs: report Jesse Snyder © Provided by National Post Industry Minister François-Philippe Champagne. OTTAWA Plans by the federal government to hike carbon taxes to $170 per tonne by 2030 will cause widespread layoffs and restrict economic growth, a new report claims. A study by the Fraser Institute says Canada could lose 202,000 jobs by 2030 mostly in Quebec and Ontario if Ottawa follows through on plans to raise the levy. It would also cause a 2.1 per cent drop in Canadian GDP, or roughly $44 billion in losses in today’s currency. The additional tax burden would in turn make it “unfeasible” to provide rebates to Canadians without assuming new debt, the Fraser report says, translating into higher deficits.
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