Poloz tells lawmakers carbon tax is likely inflationary

L to R: Carolyn Wilkins and Stephen Poloz
Bank of Canada

The controversial carbon tax recently enforced in Canada is likely to cause some inflation, the Bank of Canada governor and first deputy governor told lawmakers on April 30.

Stephen Poloz and Carolyn Wilkins said that while they predict increases in inflation as a result of the carbon tax, the growth implications are much more difficult to foresee.

On April 1, the Canadian government imposed a carbon tax on four regions, as part of prime minister Justin Trudeau’s efforts to combat climate

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