Source: The Canadian Press, May 15, 2019
Canada’s budget watchdog says revenues from the federal carbon price will be more than $2.6 billion this year and exceed $6 billion within five years.
Canada’s annual inflation rate picked up its pace in April — a month that saw stronger price pressures on gasoline in provinces that have new carbon-pricing systems.
Statistics Canada’s consumer price index increased two per cent year-over-year last month, up from its reading of 1.9 per cent in March and 1.5 per cent in February.
The April reading, which matched the expectations of economists, brings the measure in line with the Bank of Canada’s ideal inflation target of two per cent — a neutral position that doesn’t put immediate pressure on governor Stephen Poloz to adjust interest rates.
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