Well, in aggregate, yes, because if you impose a fuel charge or a tax on various sectors of the economy, conventional wisdom suggests that the activity in these sectors will be lower—slightly or significantly lower—but it will certainly be affected by a fuel charge or a tax. Both the labour income and the investment income derived from the affected sectors are likely to be lower—slightly lower in that case—and that's based on modelling from Environment and Climate Change Canada. It's not just our own modelling.
On December 3rd, 2024. See this statement in context.