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RSS FeedsFord warns that Ottawa´s carbon pricing plan could cause a recession
(The Star Movies)

 
 

21 january 2019 19:54:41

 
Ford warns that Ottawa´s carbon pricing plan could cause a recession
(The Star Movies)
 


Premier Doug Ford is warning of a recession if the federal government forces a carbon tax of Ontario.In remarks prepared for a luncheon speech to the Economic Club, the premier said Monday the tax would be a “disaster” because “there are already warning signs on the horizon.”“The risk of a carbon tax recession is very real,” he added in the speech. Environment Minister Rod Phillips defended Ford’s use of the word recession, saying it is “entirely appropriate.”“There are negative economic consequences when you start over-taxing Ontarians,” he told reporters.A recession is typically described as two consecutive quarters of a shrinking economy.More to come


 
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