PBO updates Canada's federal carbon price report, focusing on consumer levy impacts, finding broader economic effects negate gains for most Canadians.

The Parliamentary Budget Officer (PBO) has issued an updated report on Canada's federal carbon price, correcting a previous error that included the industrial carbon price's economic impact. The revised report focuses on the consumer carbon levy, indicating that while some lower-income earners may benefit, broader economic effects negate gains for most Canadians. It does not consider the anticipated costs of climate change or potential benefits from emission reduction investments.

October 10, 2024
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