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{
    "time": "2023-06-21 21:35:00",
    "attribution": {
        "en": "Mr. Francis Scarpaleggia (Lac-Saint-Louis, Lib.)",
        "fr": "M. Francis Scarpaleggia (Lac-Saint-Louis, Lib.)"
    },
    "content": {
        "en": "<p data-HoCid=\"7885387\" data-originallang=\"en\">Mr. Speaker, we often hear from the other side that the price on carbon is fuelling inflation. However, I look at reports of the Bank of Canada Governor Tiff Macklem's appearance before the finance committee in February. </p>\n<p data-HoCid=\"7885388\" data-originallang=\"en\">I will quote a newspaper article. In terms of the impact of the price on carbon on inflation, he said that, \u201cprescribed annual increases to the price on carbon add about 0.1 percentage points to headline inflation.\u201d That is not very much. Also, \u201cHe added later that scrapping the carbon tax completely would reduce inflation by half a percentage point in the year that it was done, but would not have any impact on inflation in future years.\u201d</p>\n<p data-HoCid=\"7885389\" data-originallang=\"en\">The idea of always coming back to the price on carbon as the culprit contributing to inflation is a bit misleading, really. It does not reflect the thoughts of the Bank of Canada's governor.</p>",
        "fr": "<p data-HoCid=\"7885387\" data-originallang=\"en\">Monsieur le Pr\u00e9sident, on entend souvent les d\u00e9put\u00e9s d'en face dire que la tarification du carbone alimente l'inflation. Cependant, je regarde les reportages sur la comparution du gouverneur de la Banque du Canada, Tiff Macklem, devant le comit\u00e9 des finances en f\u00e9vrier.</p>\n<p data-HoCid=\"7885388\" data-originallang=\"en\"> Je vais citer un article de journal. En ce qui concerne l'incidence de la tarification du carbone sur l'inflation, il a dit que \u00ab les augmentations annuelles prescrites du prix du carbone ajoutent environ 0,1 point de pourcentage au taux d'inflation global \u00bb. Ce n'est pas beaucoup. De plus, il a ajout\u00e9 plus tard que \u00ab l'\u00e9limination compl\u00e8te de la taxe sur le carbone r\u00e9duirait l'inflation d'un demi-point de pourcentage l'ann\u00e9e m\u00eame, mais elle n'aurait aucune incidence sur l'inflation les ann\u00e9es suivantes \u00bb.</p>\n<p data-HoCid=\"7885389\" data-originallang=\"en\">Il est vraiment un peu trompeur de toujours mettre l'inflation sur le compte de la tarification du carbone. Cela ne refl\u00e8te pas la pens\u00e9e du gouverneur de la Banque du Canada.</p>"
    },
    "url": "/debates/2023/6/21/francis-scarpaleggia-2/",
    "politician_url": "/politicians/francis-scarpaleggia/",
    "politician_membership_url": "/politicians/memberships/1480/",
    "procedural": false,
    "source_id": "12313291",
    "h1": {
        "en": "Government Orders",
        "fr": "Ordres \u00e9manant du gouvernement"
    },
    "h2": {
        "en": "Business of Supply",
        "fr": "Travaux des subsides"
    },
    "h3": {
        "en": "Opposition Motion\u2014Balanced Budget",
        "fr": "Motion de l\u2019opposition \u2014 L'\u00e9quilibre budg\u00e9taire"
    },
    "document_url": "/debates/2023/6/21/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2023%2F6%2F21%2F"
    }
}