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    • PBO releases updated carbon price report after previous error sparked controversy

    Parliamentary Budget Officer Yves Giroux prepares to appear before the Senate Committee on Official Languages, in Ottawa, on Monday, June 13, 2022. THE CANADIAN PRESS/Justin Tang Parliamentary Budget Officer Yves Giroux prepares to appear before the Senate Committee on Official Languages, in Ottawa, on Monday, June 13, 2022. THE CANADIAN PRESS/Justin Tang
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    The parliamentary budget officer says his updated report on the federal carbon price is largely consistent with his earlier findings, even after adjusting for a previous error.

    Yves Giroux says today's report still finds the vast majority of households get back more in rebates than they pay through the carbon price — but once broader economic effects are factored in, those gains are wiped out for most, except for some lower-income earners.

    The updated report, which looks only at the consumer carbon levy, comes after the office acknowledged it had also mistakenly included the economic impact of the big industrial carbon price in its 2022 and 2023 analyses.

    That admission earlier this year sparked controversy, with the federal Liberals admonishing the PBO for not more publicly acknowledging the error first recognized in a note posted to the the office's website.

    Giroux promised to update the report, but also maintained that he expected the results to be consistent with his previous findings, based on the government's own numbers.

    The findings do not reflect the expected costs of climate change to Canada's economy, or the economic benefits of acting to reduce emissions, such as with green technology investments.

    This report by The Canadian Press was first published Oct. 10, 2024.

    IN DEPTH

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    opinion Don Martin: How a beer break may have doomed the carbon tax hike

    When the Liberal government chopped a planned beer excise tax hike to two per cent from 4.5 per cent and froze future increases until after the next election, says political columnist Don Martin, it almost guaranteed a similar carbon tax move in the offing.

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    Canada

    • Police north of Toronto have released video of what they’re describing as a violent, targeted robbery in Thornhill, where suspects boxed in the victim’s car and made off with a suitcase filled with cash.

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    • Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.

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    • Mercedes-Benz has partnered up with the Ontario Vehicle Innovation Network (OVIN) and the provincial government to launch a new “incubator programâ€. One of the first three locations is Windsor, with the other two going to Toronto and Kitchener-Waterloo.

    Local Spotlight

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    Bubi’s Awesome Eats, located on University Ave West took to social media to announce the closure on Friday.

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    • Mounties are issuing a warning to personal watercraft owners after a wave of thefts were reported at marinas in Metro Vancouver.

    • The 2024 B.C. election officially kicks off Thursday morning as advance voting locations open their doors.

    • It all happened within a matter of seconds. Christopher Taylor was biking near an East Vancouver park on a leisurely Sunday morning when he looked left to see a police cruiser barrelling toward him.

    • Police north of Toronto have released video of what they’re describing as a violent, targeted robbery in Thornhill, where suspects boxed in the victim’s car and made off with a suitcase filled with cash.

    • Here is a look at what’s open, what’s closed, and what’s on in the GTA during Thanksgiving weekend 2024:

    • Canadian musician Jacob Hoggard is abandoning his bid to appeal his 2022 sexual assault conviction before Canada's top court.

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      As expected temperatures will moderate and return to more typical values for the next few days.

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    • The City of Montreal's French-language committee wants a French-language office established to promote and increase the use of the language in the metropolis.

    • Although he acknowledges that there is still a lot of work to be done in mental health, Social Services Minister Lionel Carmant is confident that he has succeeded in reversing the trend.

    • Three young people aged 17, 19 and 20 were arrested after shots were fired late on Tuesday near Old Montreal.

    • An Edmonton daycare has been shut down after failing to address concerns about unsupervised children, the province said Thursday.

    • It was a familiar start to the NHL season for the Edmonton Oilers.

    • Kane Brown will be performing in Edmonton in March as part of his new tour named after his upcoming album, The High Road.

    • Hurricane Milton made landfall in Florida as a Category 3 storm Wednesday night, among those assessing the damage in its aftermath is former CTV Atlantic employee and Maritimer Eric Bungay.

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    • Saskatchewan RCMP say a larger police presence in Whitewood is related to a report of robbery with a firearm on Wednesday evening.

    • At the final meeting of this iteration of Regina City Council, a plan for how to pay for a new indoor aquatic facility that would replace Lawson Aquatic Centre was approved.

    • After nearly four decades, Howland's Honey is retiring from the Regina Farmers' Market and strictly selling its products in retail stores.

    • Ontario Provincial Police have arrested a Waterloo man who they believe is linked to a group that has been scamming victims across Canada.

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    • One person was struck by a GO train, near the Kitchener station, on Wednesday morning.

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    • A Saskatchewan Party candidate publicly apologized on Wednesday after it was revealed that he used a racial slur in caucus offices a year and a half ago.

    • A busy stretch of road, the site of a fatal crash earlier this year, will be closed for a couple of hours Thursday morning.

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    • Canadian musician Jacob Hoggard is abandoning his bid to appeal his 2022 sexual assault conviction before Canada's top court.

    • The Humane Society of London & Middlesex (HSLM) has reached its fundraising goal for the new Old Oak Animal Campus. Located at 1414 Dundas St. construction continues on the building and remains on track for an opening in early 2025.

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    • Abbas Motalebizadeh is a PhD candidate at the University of Victoria’s Mechanical Engineering Department and on Wednesday he was at the Victoria International Marina to test the Inner Harbour for microplastics.

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    • An annual international mining conference is underway in Greater Sudbury, Ont., marking the first time the Organization for Economic Co-operation and Development (OECD) Conference of Mining Regions and Cities has been held in North America.

    • Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.

    • A woman in Greater Sudbury, Ont., said "It doesn't get more Canadian than this" when she spotted a black bear dumpster diving at a Tim Hortons last month.

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