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Canada's Counter-Tariffs: How Much Did They Hit Shoppers?
Description
Bank of Canadas report reveals that goods hit by Canadas counter-tariffs on the U.S. in 2021 saw a 6% price increase, with nearly a quarter of these costs passed on to consumers. Retailers adjusted pricing based on the duration of the trade dispute, and products with tariff labels saw higher prices. Prices largely returned to normal after Canada removed most counter-tariffs in September.
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