Five things now pricier in Canada due to tariffs
Summary
Tariffs have increased the prices of several everyday items in Canada. The trade disagreements between the United States and Canada have led to higher costs for goods like appliances, cars, and groceries. Both countries have applied tariffs on certain imports, affecting consumers.Key Facts
- The US raised tariffs on Canadian imports from 25% to 35%, prompting Canada to impose counter-tariffs.
- Due to tariffs, prices for refrigerators, washers, and dryers have gone up by 2% to 4.5%.
- The automotive sector is facing higher costs, with new cars becoming over 5% more expensive.
- US metals tariffs are also impacting car manufacturing prices.
- Some grocery items, like peanut butter and canned soup, have seen price rises due to tariffs.
- A temporary tariff exemption was introduced to help Canadian businesses that depend on US products.
- Canada's largest grocer has labeled 7,500 items that have increased in price because of tariffs.
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