Premier Ford says carbon tax could plunge Canada into recession

By Richard Southern

Premier Doug Ford used a noon hour speech at the Economic Club to warn that the Liberal’s federal carbon tax could plunge Canada into a recession.

“I am here today to ring the warning bell. The risk of a carbon tax recession is very real,” the premier said.

It’s a claim that some economists take issue with.

“I would be highly skeptical that a moderate carbon tax alone (especially if it is truly revenue neutral) could cause a recession,” said Doug Porter, Chief Economist at BMO.

Environment Minister Rod Phillips was unable to provide proof to back up the claim when pressed by reporters, but maintained that the tax is bad for the economy.

“Even the federal government, their analysis finds the carbon tax will have a negative impact on the economy,” Phillips said.

The Premier used the rest of the speech to tout what his government has accomplished, at one point claiming his government may be the best ever

“I can say with confidence that I would put our track record over the last six months up against any government in Canadian history.”

Over 1000 people attended the lunch, and arrived to find a stapled five page document on their seats listing the promises the government claims it has kept.

Watch the premier’s full speech below.

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