That is just purely an arithmetic calculation. It's what economists would call “everything else equal”. Inflation is at 6.3% now. The arithmetic impact of that would be that it would be 5.8% if you eliminated the carbon tax tomorrow.
February 16th, 2023 / 12:15 p.m.
Governor, Bank of Canada
That is just purely an arithmetic calculation. It's what economists would call “everything else equal”. Inflation is at 6.3% now. The arithmetic impact of that would be that it would be 5.8% if you eliminated the carbon tax tomorrow.
See context to find out what was said next.