Consumers could find ‘meaningful savings’ as carbon tax ends: Desjardins [Video]

Canadians can expect to feel the absence of the consumer carbon price at the pump immediately but it may take longer to notice a difference in the price of other goods, a new report released Wednesday suggests.

The analysis by Desjardins Economics comes less than a week after Prime Minister Mark Carney ordered that the consumer levy be set to zero on April 1.

The carbon price came with a quarterly rebate to offset the cost of inflation; the final rebate will come in April.

The report suggests that move will push overall inflation down over the next year as a result of Ottawa’s decision to kill the consumer price on carbon pollution.

That could give the Bank of Canada a bit of breathing room on lowering interest rates and supporting the Canadian economy through the trade war with the United States.

A large part of that is because of …