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Tariffs Threaten Canadian Shelves | Toronto News

Tariffs Threaten Canadian Shelves | Toronto News

Published 1 week, 1 day ago
Description

Canadian retailers brace for rising prices as U.S. tariffs and Canada’s retaliatory measures stir trade tensions, hitting sectors like furniture, cosmetics, and dairy first. Businesses may stockpile non-perishables now, but if tariffs persist, consumers will foot the bill — a delicate balancing act amid surprisingly resilient spending. Smaller firms face added risks to sales and investment, while efforts to find new global suppliers are slow and costly. Economists watch for a compromise; without one, inflation could climb. Government support will be key in shielding businesses — and shoppers — from steep price hikes. Diversifying supply chains is the long-term goal, but don’t expect overnight fixes.

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