I don't think we have any work on that. The industrial carbon tax is imposed on very large emitters, and most of what they're producing is exported. It's not having much of an impact on prices here in Canada. Our view is that it's small. I don't have an estimate. You would have to get very detailed, almost industry-level data to chart through that because it's very indirect.
It's very different from the consumer carbon tax, which was applied directly to consumer goods. That has been removed, and we have seen the impact that has had. It dropped the price level by 0.6%, taking 0.6% off inflation for one year.
The industrial carbon tax is very different. It's a small number of large emitters, and most of what they produce is exported.
