Bank of Canada rate cut odds for June fall after April inflation data
toronto.citynews.ca
Statistics Canada says the annual inflation rate was 1.7 per cent in April, down from 2.3 per cent in March.

Another news article I am not sure what to make of. There are just so many levels of complexity to this.

Since the carbon tax comes off one time only, for a one time price reduction. and thus only offset price increases this time only, will we see inflation resuming its normal limb next report?

And will we see price reductions in the supermarket to reflect this? Or was in mainly gasoline for transportation and heating that led the offset?

  • Daryl@lemmy.caOP
    1·
    12 days ago

    I suspect we are still going to see some form of carbon pricing at the individual level. It still exists for the corporate sector, and I suspect it will increase at the corporate level. I do detect a willingness on Carney’s past actions with the Bank of Canada and the Bank of England to not shy away from playing hard ball with industry and business.Someone has to pay for all the damages to infrastructure caused by climate change storm damage.