Did Canada just blink on carbon pricing?

A recent announcement by Canada's federal government that they would mitigate some of the costs of their carbon pricing scheme had many accusing them of watering down their climate efforts. In this CBC News Network interview, Rand makes the case the new format is just as effective at reducing emissions, yet provides a more dynamic approach for large, trade-exposed emitters - all driven primarily by the Feds' need to address the Ontario economy, with Premier Ford having ripped up the existing cap-and-trade.