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Taxation

Bringing back tolls on Quebec highways

The scope of roadwork announced in February by the Quebec Department of Transport ($12 billion from 2008 to 2012) suggests the extent to which the maintenance of highway infrastructure has been neglected in recent years. Last October, the Montreal Economic Institute published an Economic Note outlining tolls’ efficiency in financing the highway network. The Note showed that this type of revenue collection best respects the user-pay principle.

Domestic prices and the appreciation of the Canadian dollar

Canadian consumers believe that they are not getting the full value at the check-out counter of the substantial appreciation in the Canadian dollar during the last five years. An exchange rate appreciation makes exports more expensive and imports less expensive. While this creates a more competitive selling environment for the producers of exportables, at the same time it provides a more favorable environment for consumers and importers.

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