Latest news with #AndrewLeach
CBC
08-04-2025
- Business
- CBC
Election reignites pipeline politics
Donald Trump's trade war has revived calls for the building of east-west pipelines within Canada, as a way for the country to unleash its natural resources and reduce its dependence on the U.S. as its key trading partner. But do the economics of building new pipelines — or the logistics, or the environmental realities — actually make sense here? And what are the parties actually saying about them? Today we're speaking to Andrew Leach, an energy and environmental economist and an Associate Professor at the Alberta School of Business at the University of Alberta. For transcripts of Front Burner, please visit: Subscribe to Front Burner on your favourite podcast app. Listen on Apple Podcasts Listen on Spotify Listen on YouTube
Yahoo
05-04-2025
- Business
- Yahoo
Gas prices in Canada see 'rare, significant drop' after Carney scraps consumer carbon tax
Gas prices have tumbled in virtually every major Canadian city outside of Quebec over the past week, according to data from Kalibrate. Most markets booked double-digit declines after the federal consumer carbon tax expired on April 1, and British Columbia's government cancelled its provincial levy. Canada's gas price average spanning 80 cities fell from $1.608 per litre of regular fuel on March 27 to $1.493 on April 3. At this time last year, the nation-wide average price was $1.70 per litre. Over the past week, drivers in Fort St. John, B.C. saw the biggest discount, at 39.5 cents per litre. The next-largest price breaks were in North Bay, Ont., and Peterborough, Ont. at 32.7 cents per litre, and 26.2 cents per litre, respectively. The federal government's consumer carbon tax expired on April 1, the same day the B.C. government repealed its carbon price introduced in 2008. Quebec is now the only province where consumers pay a carbon tax at the fuel pump. Perhaps unsurprisingly, it was the only region where gas prices increased over the past seven days, led by a 9.9 cent per litre rise in Trois-Rivières. Patrick De Haan, head of petroleum analysis at GasBuddy, calls the April 1 price changes a "rare, significant drop." "Not sure we've ever seen prices in Canada drop 15 [cents per litre] overnight," he wrote in a social media post. University of Alberta economist and law professor Andrew Leach notes a 40 cent per litre price difference between Edmonton-area fuel stations as retailers adjusted their prices on Tuesday. His colleague Trevor Tombe estimates a 20 cent per litre price gap had opened up between Quebec and the rest of Canada by April 2. Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city. (All figures in CAD cents) Location Mar. 27 Apr. 3 Price Change Canada Average (V) 160.8 149.3 -11.5 WHITEHORSE 179.9 161.9 -18 VANCOUVER* 188.3 184.4 -3.9 VICTORIA 179.6 163.3 -16.3 PRINCE GEORGE 157.6 139.5 -18.1 KAMLOOPS 164.1 144.8 -19.3 KELOWNA 159.7 140.7 -19 FORT ST. JOHN 174.9 135.4 -39.5 ABBOTSFORD 181.5 161.2 -20.3 YELLOWKNIFE 161.9 145.3 -16.6 CALGARY* 149.5 135.3 -14.2 RED DEER 146.4 127.5 -18.9 EDMONTON 145.3 132.4 -12.9 LETHBRIDGE 152.5 129 -23.5 LLOYDMINSTER 146.8 132.1 -14.7 GRANDE PRAIRIE 151.9 133.6 -18.3 REGINA* 152.7 141.7 -11 SASKATOON 153.7 135.9 -17.8 PRINCE ALBERT 153.5 136.6 -16.9 MOOSE JAW 153.9 137.3 -16.6 WINNIPEG * 155.8 131 -24.8 BRANDON 136.7 116.8 -19.9 CITY OF TORONTO* 157.2 139.4 -17.8 BRAMPTON 157.4 139.2 -18.2 ETOBICOKE 157.5 138.9 -18.6 MISSISSAUGA 156.3 138.2 -18.1 NORTH YORK 157.6 139.3 -18.3 SCARBOROUGH 157.5 138.9 -18.6 VAUGHAN/MARKHAM 156.6 139.1 -17.5 OTTAWA 157.6 138.8 -18.8 KINGSTON 147.2 134.8 -12.4 PETERBOROUGH 148.3 122.1 -26.2 WINDSOR 155.9 138.3 -17.6 LONDON 157.6 138.7 -18.9 SUDBURY 148.9 126.6 -22.3 SAULT STE MARIE 148.8 128.6 -20.2 THUNDER BAY 161 135.1 -25.9 NORTH BAY 166.7 134 -32.7 TIMMINS 158.2 137.2 -21 HAMILTON 154.9 136.6 -18.3 ST. CATHARINES 153.9 135.5 -18.4 BARRIE 156.5 138.6 -17.9 BRANTFORD 150.2 131.1 -19.1 GUELPH 155.6 138 -17.6 KITCHENER 154.4 136.6 -17.8 OSHAWA 157.2 138.6 -18.6 SARNIA 152.5 127.9 -24.6 MONTRÉAL* 161.3 164.1 2.8 QUÉBEC 151.5 157.7 6.2 SHERBROOKE 155.3 159 3.7 GASPÉ 162.4 157.4 -5 CHICOUTIMI 139.3 147 7.7 RIMOUSKI 154.4 154.4 0 TROIS RIVIÈRES 145.1 155 9.9 DRUMMONDVILLE 150.9 155.1 4.2 VAL D'OR 159.6 164.7 5.1 GATINEAU 146.8 142.8 -4 SAINT JOHN* 156.3 140.1 -16.2 FREDERICTON 156.7 140.5 -16.2 MONCTON 156.7 140.7 -16 BATHURST 153.5 140.6 -12.9 EDMUNDSTON 155.7 140 -15.7 MIRAMICHI 157.7 139.1 -18.6 CAMPBELLTON 157.9 141.9 -16 SUSSEX 156.1 140.5 -15.6 WOODSTOCK 158 142 -16 HALIFAX* 160 146.5 -13.5 SYDNEY 162 148.5 -13.5 YARMOUTH 161.1 147.6 -13.5 TRURO 161.2 147.7 -13.5 KENTVILLE 160.6 147.1 -13.5 NEW GLASGOW 161.2 147.7 -13.5 CHARLOTTETOWN* 163 149.6 -13.4 ST JOHNS* 167.9 151.7 -16.2 GANDER 171.6 155.5 -16.1 LABRADOR CITY 170.4 155.4 -15 CORNER BROOK 168.9 152.8 -16.1 GRAND FALLS 171.6 155.5 -16.1 SOURCE: KALIBRATE • All figures in CAD cents (*) Denotes markets used in Volume Weighted Canada Average Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Sign in to access your portfolio
CBC
01-04-2025
- Business
- CBC
New Brunswick gasoline prices tumble to 3-year low
Social Sharing Fuel prices across most Canadian provinces — including New Brunswick — tumbled Tuesday morning, ending six years of federal carbon carbon charges on fossil fuels sold at retail. New Brunswick's Energy and Utilities Board lowered the maximum price that can be charged for gasoline in the province by 20.2 cents to $1.44 per litre. The reductions included a 17.6 cent elimination of all carbon charges and 2.6 cents in HST attached to that. The combination is enough to save $10.10 on a 50-litre fill-up. It's the lowest price setting in New Brunswick since January 2022. Maximum prices for diesel, which contains more carbon than gasoline and carried a higher carbon charge because of that, were lowered 24.6 cents. The change was causing brisk business at service stations across the province among those who knew it was coming, but the reduction is not a pure discount. University of Alberta economist Andrew Leach told CBC News the cheaper prices will be followed by the end of federal carbon rebates and that will cost many Canadian households more than they gain. "So you take away the carbon price, you take away the rebates, then that's a net negative for most lower-income households and a net positive for most higher income households," Leach said. In New Brunswick over the past year, federal carbon rebates totalled $760 for a family of four in urban areas and $912 for those living in rural areas. Also ending are carbon charges on other fossil fuels including propane and natural gas. About 7,500 New Brunswick households heat with natural gas and on average will save about $270 over the next year with the change.
