News Analysis
Prime Minister Mark Carney’s decision last week to drop some of Ottawa’s counter-tariffs against the United States to re-start stalled trade talks could significantly impact grocery prices for Canadians.
Prices for a variety of goods are expected to drop as of next month when the retaliatory tariffs will officially be removed by the Canadian government.
Ottawa slapped a surtax on $30 billion worth of U.S. goods in March in response to the 25 percent tariffs the White House imposed on Canada due to concerns about border security and drug trafficking. The March 3 order imposed a 25 percent tariff on 1,256 different types of goods of a wide variety, from food stuffs to firearms….