Write For Us

Economists say carbon price hikes should go forward despite high cost of living

Sponsored Post Vitamin D2 Canada Persia
35 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
While discussing the Bank of Canada’s recent interest rate hike and the federal budget, economists joining Mercedes Stephenson on The West Block said carbon price hikes should go ahead despite the rising cost of living.

Armine Yalnizyan, Atkinson Fellow on the Future of Workers, and Kevin Page, former parliamentary budget officer, both pointed to the wildfires engulfing large parts of Canada as a reminder that “serious” action is needed on climate change.

On the topic of the recent interest rate hike, Yalnizyan and Page said the central bank faced a tough decision in deciding whether to raise its key lending rate. But Yalnizyan said she believed the bank had made the “wrong call” and that she “didn’t see enough in the data to merit this increase.”

For more info, please go to https://globalnews.ca/news/9758703/carbon-price-increase-cost-of-living/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
Category
U.S. & Canada
Tags
global news, carbon pricing, carbon price hikes
Sign in or sign up to post comments.
Be the first to comment