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Trump–Powell Showdown Intensifies as White House Floats Criminal Charges

                                                       Donald Trump and Federal Reserve Chair Jerome Powell A dramatic escalation in the long‑running tension between President Donald Trump and Federal Reserve Chair Jerome Powell has thrust the independence of the U.S. central bank into the spotlight. The conflict deepened after Powell disclosed that the Department of Justice had issued grand jury subpoenas to the Federal Reserve—an action he suggested was politically motivated. The inquiry centers on Powell’s congressional testimony about cost overruns tied to a Federal Reserve building renovation. Powell has dismissed the investigation as a pretext, arguing that the administration’s real aim is to pressure the Fed into cutting interest rates more aggressively, a move Trump has repeatedly demanded. The threat of potential...
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Canada’s Carbon Price Set to Rise on April 1: What You Need to Know

Canada’s carbon price is poised to increase on April 1, despite some provincial leaders expressing concerns about affordability. Let’s delve into the details:

The impending carbon price hike is not unexpected. It’s a fundamental policy of Prime Minister Justin Trudeau’s minority Liberal government. By putting a price on pollution, the aim is to encourage people to use fewer fossil fuels, ultimately reducing emissions from the economy. Annual increases are part of the government’s overall pricing scheme, with plans extending until at least 2030.

For most Canadians, the impact of the April 1 increase will be most noticeable at the gas station and on energy bills. Here’s how it breaks down:

  • Gasoline: The carbon tax will add 17 cents per liter.
  • Diesel: Expect an additional 21 cents per liter.
  • Natural Gas: The increase amounts to 15 cents per cubic meter.

Keep in mind that British Columbia, Quebec, and the Northwest Territories have their own carbon pricing systems in place, while other provinces and territories fall under the federal backstop plan.

While the carbon price does play a role in household affordability, it’s essential to recognize that its effects are relatively small compared to global oil prices and corporate profitability. Canadians may also experience indirect effects, such as transportation costs influencing food prices.

In summary, Canada’s commitment to tackling climate change involves incremental carbon price increases, aiming for a greener and more sustainable future.

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