In 2017, Canada was responsible for only 1.7 per cent of global carbon dioxide emissions.
So-called "trade-exposed” industries are the least able to pass on higher costs to consumers.
The Ecofiscal Commission says carbon taxes must rise to $210 per tonne of greenhouse gas emissions.
Some computer models predict catastrophic results, other projections are much more benign.
A $50 per tonne carbon tax is not enough to significantly change consumer behaviour such as gasoline consumption.
Canadians will pay a price for our reduced competitiveness—in the form of lower employment and/or investment.
The federal carbon tax imposes a levy on sales of most combustible fuels.
Ottawa’s federal carbon tax came into effect earlier this year at $20 per tonne.
Ottawa has layered its carbon tax on top of many existing supports for other forms of energy.