Mr. Speaker, I would like to correct something that was said in the House earlier this week. The Governor of the Bank of Canada said that, each year, carbon pricing contributes 0.15% to inflation, an effect he describes as “quite small” from one year to the next. This idea that carbon pricing raises the price of everything is a myth, and the Governor of the Bank of Canada says as much.
In the House of Commons on November 2nd, 2023. See this statement in context.