Thursday, 23 January 2025
Home Topics Politics Economy Manitoba government points to low inflation rate after fuel-tax cut
EconomyNewsPoliticsUtilities

Manitoba government points to low inflation rate after fuel-tax cut

89
Manitoba Premier Wab Kinew, with Prime Minister Justin Trudeau, smiles at Red River College Polytechnic in Winnipeg, Thursday, Feb. 15, 2024. The Manitoba government says its fuel-tax cut is helping to keep the inflation rate low, but is not saying how long the cut will remain in place.THE CANADIAN PRESS/John Woods

WINNIPEG — The Manitoba government says its fuel-tax cut is helping to keep the inflation rate low, but is not saying how long the cut will remain in place.

The province suspended the 14-cent-per-litre provincial fuel tax on Jan. 1 for at least six months, with an option to continue it for another six, as a way to help people cope with the rising cost of living.

Premier Wab Kinew is not saying whether the tax cut will continue beyond June, but says while inflation has eased, people are still feeling the impact of higher interest rates.

New figures from Statistics Canada show Manitoba had the lowest inflation rate among the provinces in January — less than one per cent compared with the same month last year.

The NDP government has also taken out advertising on billboards, in social media and elsewhere to promote its fuel-tax cut.

Kinew says it’s good to let Manitobans know that the government is working to lower inflation, which he says is the number one issue for people.

This report by The Canadian Press was first published Feb. 20, 2024

The Canadian Press

Related Articles

FILE PHOTO: Special envoy to the United Nations for climate change Michael Bloomberg speaks during the One-on-One discussion panel with International Monetary Fund (IMF) Managing Director Christine Lagarde on side of the IMF/World Bank spring meeting in Washington, U.S., April 19, 2018. REUTERS/Yuri Gripas/File Photo
ClimateClimate FinanceEmissionsPolitics

Bloomberg philanthropy to cover U.S. climate dues after Paris withdrawal

By Valerie Volcovici WASHINGTON (Reuters) -Former New York Mayor Michael Bloomberg’s philanthropy...

FILE PHOTO: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
BusinessOil

Oil prices extend losses on uncertainty over Trump tariff impact

By Paul Carsten LONDON (Reuters) -Oil prices were little changed on Thursday,...

FILE PHOTO: A general view of the Lyondell-Basell refinery in Houston, Texas February 1, 2015. REUTERS/Richard Carson/File Photo
BusinessEconomyOil

Lyondell to begin closure of Houston refinery this weekend, sources say

By Erwin Seba HOUSTON (Reuters) -LyondellBasell Industries will begin the permanent closure...

FILE PHOTO: An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna/File Photo
BusinessEconomyLiquefied Natural GasPolitics

US extends comment deadline on Biden-era LNG study to protect approvals

WASHINGTON (Reuters) – The U.S. has extended the comment period on a...

Login into your Account

Please login to like, dislike or bookmark this article.