this post was submitted on 09 Sep 2023
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Conservatives argue the Liberal government's climate measure drives up the cost on everything. The inflation-watching head of the central bank offered some perspective on this.

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[–] willybe@lemmy.ca 6 points 1 year ago (1 children)

If your looking for someone to blame, blame capitalism. Middlemen who do nothing more than game the prices of your food. Ripping off the farmers, and then jacking up the price of the end product.

The carbon tax just enables them to mark up the price more.

[–] Rocket@lemmy.ca 2 points 1 year ago* (last edited 1 year ago) (1 children)

The trouble with your comment is that the price in the grocery store is just following the rise we saw at the farm gate over the last couple of years, driven by that crop-destroying derecho, Euro fertilizer plant shutdown, and Ukraine conflict. As food is mostly sold on futures contracts, it's only delayed, as expected.

The farm gate price has moderated this year. The grocery store price will come back down when newer contracts start coming into force. Same as in 2013, and every other time this kind of thing has happened. Short memories be short, I guess.

[–] willybe@lemmy.ca 1 points 1 year ago

You might be right, and prices may come down. I am ignorant on goes on with pricing, but what I do see is the farmers are not thriving, and fresh food is always getting more expensive.

Yet Loblaws is able to post amazing profits, and they are the lower priced stores, the more independent stores are struggling to compete and they have to mark up their prices even more.

So my opinion is that farmers and smaller stores are struggling, but middlemen are thriving. This is based on those observations. My lack of trust in corporate models is based on profits over people.

I agree, Putin is disturbing the supply chains for food. But then I wouldn't think that all food would be affected as it is.

[–] Pxtl@lemmy.ca 5 points 1 year ago

The people who need to learn this will never accept it because CBC.

[–] Showroom7561@lemmy.ca 3 points 1 year ago

Oh, so that's why grocery stores like Loblaws have jacked up prices 200%. /s

[–] autotldr@lemmings.world 2 points 1 year ago

This is the best summary I could come up with:


It's inescapably true that the federal carbon tax makes life for Canadians more expensive β€” before the "climate action incentive" rebate β€” and Bank of Canada governor Tiff Macklem reiterated this on a visit to Calgary on Thursday.

Pierre Poilievre's Conservatives have made much sport of arguing the Trudeau Liberals' tool to fight climate change has severely affected the affordability of fuel, groceries and other goods.

In questions following a luncheon address to the Calgary Chamber of Commerce, the central bank head said his team's inflation-watching takes into consideration the Trudeau government decision to annually hike its price on carbon by $15 per tonne.

Normally one to deal in data rather than estimates, Macklem didn't offer a more universal figure on the carbon tax, with the direct fuel markup added to the indirect costs those increases have on goods.

These impact measurements do not account for the fixed-price rebate the Trudeau government makes to households every quarter, the climate action incentive payment meant to offset the carbon tax's added costs on vehicle fuel and home heating.

On the one hand, that provides a buffer to the inflationary burden that the levy creates; on the other, more money stuffed into Canadians' bank accounts could itself put upward pressure on the increased demand that drives inflation.


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