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BoC report estimates U.S. counter-tariffs pushed prices up about 6% last year
Researchers found nearly a quarter of Ottawa’s counter-tariffs were passed to consumers by mid-June 2025, adding about 0.3 percentage points to inflation.
- On Monday, the Bank of Canada released a report finding that prices on goods affected by Ottawa's counter-tariffs against the United States last year were roughly 6% higher than non-tariffed products.
- Ottawa imposed 25% tariffs on grocery items, clothing, and household staples starting in March 2025 as retaliation against President Donald Trump's initial tariff campaign.
- Researchers compared costs of more than 100,000 goods at seven retailers and found that in-store tariff banners helped businesses pass costs to consumers while skirting customer backlash.
- The price boost added about 0.3 percent to headline inflation last year, though costs fell back to normal three months after the government removed most counter-tariffs in September.
- Retailers adjusted prices based on expectations of how long trade disputes would last; firms absorbed costs when tariffs were expected short-lived but passed them on when anticipating longer battles.
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14 Articles
14 Articles
Counter-tariffs imposed by Ottawa on certain U.S. products, for a few months in 2025, would have slightly increased in-store prices.
·Montreal, Canada
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Winnipeg Free Press+12 Reposted by 12 other sources
BoC report estimates U.S. counter-tariffs pushed prices up about 6% last year
OTTAWA - Analysts at the Bank of Canada say prices on goods affected by Ottawa's counter-tariffs against the United States last year were roughly six per cent higher on average than non-tariffed goods.
·Winnipeg, Canada
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Total News Sources14
Leaning Left6Leaning Right0Center5Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 45%
Factuality
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