Ontario's inflation rate was lower in 2017, when cap and trade was in place. The growth in inflation was lower than the previous year and the following year. GDP growth is positive when there's a carbon price in Ontario. We did the analytics on it forecasting it forward, and the GDP impact was a slowing in growth of literally four days in 2020. At $20 a tonne, yes, we have a hard time seeing the impact, and the macroeconomic data from Stats Canada shows no perceivable impact.
On January 28th, 2019. See this statement in context.