Trudeau says government monitoring housing market closely

Trudeau says government monitoring housing market closely

But the prime minister noted his government does not need parliamentary approval to ratify the worldwide accord.Trudeau said that premiers could certainly exceed the carbon price that he set out in the new legislation, but that if they don't meet the target - or, indeed, if they balk at the edict altogether and refuse to set up a carbon pricing system - the federal government will step in and do it for them."If the federal government attempts to tax in a way that is taking away resources from the provinces then there is the possibility of a challenge to that", stated Dwight Newman, a constitutional law professor at the University of Saskatchewan.

Not every Canadian province taxes Carbon dioxide emissions.On Oct. 3, Canada's federal government vowed to bring in a minimum price on carbon emissions by 2018, prompting the energy-producing province of Alberta to demand approval of a key oil pipeline in return.

Prime Minister Justin Trudeau announced Monday that the government would be establishing a "floor price" of $10 a tonne on carbon pollution in 2018. He's estimated the impact of the carbon tax - which will rise to $50 per tonne by 2022 - at $2.5 billion or $1,250 for every Saskatchewan family.

All revenue generated by the national carbon price will be returned to the provinces and territories.

"If they've got a $50 carbon tax in our province thanks to the Trudeau government, and they don't have one in North Dakota, and they will not, what does that do to North American competitiveness?" Or the province could put the revenue from the carbon tax into a fund to reduce carbon emissions or develop new zero-emissions technology, which Wall has mused about in the past.

"It's not there. The bottom line is, they haven't done it", said the premier. Federal minimum wages are dictated by the province the worker is employed in.

Prime Minister Justin Trudeau says his government isn't looking at raising the minimum wage at the moment.

Another Wall argument against carbon pricing is that it "holds the lowest potential for reducing emissions, while potentially doing the greatest harm to the Canadian economy".

Wall said technological solutions like that, along with adaptation, are a better approach to addressing climate change. Pro forma, the Plan would be among a handful of leading global initiatives in setting carbon prices - and certainly Canada is the only major hydrocarbon producer to have yet advanced a carbon pricing plan which is this ambitious. Ontario, Quebec, Alberta and British Columbia already have carbon-pricing plans.

The ball is in your court, Mr.



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