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.
Evidence of meeting #139 for Environment and Sustainable Development in the 42nd Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was pricing.
A recording is available from Parliament.