OTTAWA — On March 14, Prime Minister Mark Carney officially signed an order-in-council to eliminate the consumer carbon price. This move is expected to reduce operational costs for restaurants by lowering expenses related to energy, transportation and supplies. It also aims to ease financial pressures on consumers, which could lead to increased spending at dining establishments. This change will take effect on April 1 and will be felt directly at the pump with an average reduction of 17 cents per litre on gas, and 21 cents on a litre of diesel.
The removal of the consumer carbon price is anticipated to have several positive effects on Canada’s restaurant industry, mainly due to lower operational costs across the supply chain (reduced energy and transportation expenses for restaurants and suppliers) and increased consumer spending (less carbon tax, more disposable income to dine out).
“This is a welcome change for our industry,” says Maximilien Roy, VP, Federal and Quebec, Restaurants Canada. “We will continue working with government officials to ensure smooth transitions and further relief where needed.”
