Episode Details

Despite the consumer carbon tax being cut to zero, the industrial carbon tax in Canada is set to rise on April 1st, from ninety-five to one hundred ten dollars per tonne. This increase, coupled with tensions in the Middle East, could significantly impact energy costs and the food supply chain. Food trucking costs are expected to surge, with a single weekly run between Toronto and Montreal adding about six thousand dollars a year from the carbon price alone. Across the country, daily long-haul food trips could see thirty-four to fifty-two million dollars extra in diesel taxes. These costs will trickle down to farming, processing, and delivery, with remote areas like the Prairies feeling the pinch the most. Ultimately, shoppers will bear the brunt of these increased costs, with lower-income families disproportionately affected. Officials may consider pausing the increase to alleviate the strain on the food supply chain.

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