Mr. Speaker, the Conservatives continue to pluck away on this one-string banjo about the carbon price and its effect on what they say is the price of everything.
There is a small impact. People have dug into these numbers and there is actual evidence as to the impact of the carbon pricing on things such as food. Professor Trevor Tombe from the University of Calgary looked into this and found that the overall impact is about 0.3% per year. We saw with grocery prices, at the height of it, that it was around 11% per year. At 0.3%, it would mean that, if a bag of groceries goes up a dollar, that is an infinitesimally small amount. A third of a cent on that dollar would be the impact of the carbon tax.
I think we need to keep things in perspective. It is not that there is no impact, but when we look at the profits these companies are raking in, the effect of that on the prices that people are paying is dozens of times higher.