Economy

Carbon Tax Impedes Hopes of Exports, Investment Driving Canadian Economy

A long-standing gripe of businesses in Canada is their competitive disadvantage relative to the United States, which experts say has been exacerbated by the newly implemented federal carbon tax.
Carbon Tax Impedes Hopes of Exports, Investment Driving Canadian Economy
A woman fills up in Toronto on April 1, 2019. Gas prices rose by 4.42 cents a litre with the introduction of the federal carbon tax on that day. The Canadian Press/Christopher Katsarov
Rahul Vaidyanath
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NEWS ANALYSIS

A long-standing gripe of businesses in Canada is their competitive disadvantage relative to the United States, which experts say has been exacerbated by the newly implemented federal carbon tax.
It also works to counter the Bank of Canada’s mantra that exports and business should drive the economy, given the level of household indebtedness, says Philip Cross, senior fellow with the Macdonald-Laurier Institute public policy think tank.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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