A number of studies have been done on the potential impacts on competitiveness of different carbon prices in different countries. Generally what the studies show is that because of the kinds of economies we're talking about.... Canada's economy is overwhelmingly a service economy, and much of the manufacturing sector is not particularly carbon intensive. The studies tend to find that the competitiveness effects are a lot smaller than are often made out, and this was borne out by our study. In the main numbers I've been presenting, we made the conservative assumption that Canada would have a carbon price considerably higher than the carbon price in the rest of the OECD, including the U.S.
On October 29th, 2009. See this statement in context.