By Jamie Barrie E nvironment Minister, Catherine McKenna informed provinces this week she expects all provinces to provide details of their carbon pricing plans no later than September 1, 2018. McKenna also stated that any province that does not provide a detailed plan by this timeline will have the Liberal Government’s federal program imposed upon it starting January 1, 2019. The current federal government’s plan sees a proposed carbon price, or tax as some say at $20 per tonne in 2019, rather than the originally planned $10 per tonne in 2018. At this new rate, the added cost to the average Canadian household is expected to range from a low of $241 a year to as high as $448.
By Jamie Barrie S tatistics Canada data shows that wholesale sales increased 1.5 percent to $63 billion in October, led by the machin- ery, equipment and supplies subsector, which showed a promising recovery from a 1.1 percent drop in September. Data shows that gains were made in six of seven subsectors, while wholesale sales in volume terms gained 1.2 percent, with the machinery, equipment and supplies subsector reported the largest increase in dollar terms of 5.2 percent or $12.7 billion.
The only subsector to not show a gain was the motor vehicle and parts subsector which fell 2.3 percent with $11.8 billion in sales.
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SPOTLIGHT ON BUSINESS MAGAZINE • DECEMBER 2017
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