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Saskatchewan wakes up Monday to the dawning of the carbon tax.

The hike to gasoline, diesel and natural gas prices is expected to ripple across the economy — in ways both good and bad.

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Industries across Saskatchewan are bracing for higher costs. But some are also predicting growth, as consumers search for energy-efficient ways to escape Ottawa’s “price on pollution.”

The federal government has long argued the tax will prompt people to make greener choices. Drivers might cut back on fuel use or buy cleaner vehicles. Homeowners will have a new reason to retrofit their homes.

The province has countered that the tax will make life more expensive for Saskatchewan people, without making an appreciable dent in fossil fuel use.

While much remains unknown, the first signals suggest that both sides have a case to make. They might just be overstating them.

Prices are sure to go up, but there’s little sign the carbon tax will either devastate the economy or bring about a green revolution in Saskatchewan.