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BoC report shows counter-tariff price hike in 2025

Analysts at the Bank of Canada estimate 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.The federal government imposed tariffs of 25 per cent on a variety of grocery items, clothing and other household staples coming from the United States for about six months starting in March 2025 in retaliation to U.S. President Donald Trump’s initial tariffs.Researchers at the Bank of Canada released a report Monday comparing the costs of more than 100,000 tariffed goods at seven retailers to a control group of products unaffected…

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