This Canadian Press roundup covers key news stories including potential Trump tariffs on Canadian imports, Liberal leadership candidates' stance on carbon pricing, December inflation figures, thawing permafrost in the Arctic, and the growing trend of small homes for long-term care.
Trump signals tariffs may be coming Feb. 1
The February date comes after Trump officials, speaking anonymously, suggested to reporters that the Republican president would only sign a memorandum telling federal agencies to study trade issues, including alleged unfair trade and currency practices by Canada, Mexico and China. The Liberals first campaigned on a carbon price in 2008 and moved to make it happen following Prime Minister Justin Trudeau's election win in 2015.
An analysis published in March 2024 by the Canadian Climate Institute found Canada’s carbon price could slash greenhouse gas emissions by more than 100 million tonnes a year by 2030, but only about one-fifth of that would come from the consumer carbon price.Statistics Canada is expected to release its December consumer price index report this morning.
Inflation has moderated significantly from its recent highs and is now stabilizing around the Bank of Canada's two per cent target. The study suggests one of the main drivers of that shift could be thawing permafrost, frozen ground that covers almost half of Canada's land mass and in some areas has remained below zero Celsius for hundreds of thousands of years.
TRUMP TARIFFS CARBON PRICING INFLATION PERMAFROST LONG-TERM CARE
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