As I recently wrote, there’s a clear lesson from the Bank of Canada’s recent decision to raise its rate: Our dependence on gasoline and diesel is an economic vulnerability, and not just at the pump. Unfortunately, relief isn’t on the horizon: Morgan Stanley predicts that oil-product markets will remain tight until at least mid-2027, andContinue reading “The Long Shadow of Spiking Diesel Prices”
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How Canada’s dependence on gas and diesel raised mortgage rates
How many times will Canadians pay for our dependence on gasoline and diesel—not just at the pump, but through higher interest rates? Here’s the lesson from the Bank of Canada’s recent decision to raise its rate: Our dependence on gasoline and diesel doesn’t just leave Canadians vulnerable to higher prices at the pump. It canContinue reading “How Canada’s dependence on gas and diesel raised mortgage rates”
A gas-tax holiday offers relief. Affordable EV leasing could offer an escape.
One of the most persistent criticisms of electric-vehicle policy is that EVs are a solution for people who can already afford them: middle- and higher-income households able to absorb a higher upfront vehicle price, install a charger at home and collect the savings that come from avoiding the gas pump. Canadians who have the mostContinue reading “A gas-tax holiday offers relief. Affordable EV leasing could offer an escape.”
