Higher industrial energy costs are driving up prices, cutting investment and weakening the very sectors Canada depends on for growth

Canada’s productivity is falling behind, which means slower wage growth and fewer opportunities for workers.

The federal Industrial Carbon Tax raises energy costs for large industries, pushing their operating costs far above those of competitors in the United States.

When factories, refineries and food processors pay much more for energy, those higher costs show up in prices, including at the grocery store.

Higher costs also mean less investment, fewer expansions and fewer strong blue-collar jobs in the regions that depend on industrial work.

If investment and production shift elsewhere, Canada’s economy weakens further, leaving households with fewer jobs, lower growth and less financial stability.

Canada is facing a productivity crisis that can no longer be waved away as a statistical quirk or an academic concern. The Bank of Canada has warned repeatedly that our economic output per worker is falling behind our peers, and the consequences are already visible: stagnant wages, declining investment, and a shrinking capacity to compete in global markets.

Yet at the very moment when the country needs to unleash its most productive industries, the federal government continues to tax them more heavily than any other advanced economy.

The Industrial Carbon Tax, part of the federal carbon pricing system for large industrial facilities, is a direct tax on productivity itself.

Imagine a worker who generates five days’ worth of revenue for their employer while only working four. That is what high productivity looks like: more value created per hour, more prosperity per unit of........

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