BusinessArticlesCanada's dollar-for-dollar countermeasures set to take effect September 8
After the U.S.'s 50% tariffs landed, Ottawa is matching them exactly — on an equally broad list of American goods.
Vol. 04 — No. 118 · Canadian Business Desk
Straight analysis on the economy, finance and leadership that shape business across Canada — no jargon, no filler, entries you can check.
Today's Ledger
After the U.S.'s 50% tariffs landed, Ottawa is matching them exactly — on an equally broad list of American goods.
Announced August 24, the new threat targets Canada's auto sector specifically, with a January 1, 2027 start date.
A deal looked close on August 19. Two days later, negotiations broke down and the tariffs landed anyway.
CFIB's long-term index eased from June's reading, with short-term optimism falling more sharply as manufacturing, construction and transportation all weakened.
A report published in early August put real numbers on a scenario that's since gone from a live risk to something closer to reality.
Rich Kruger will move to Executive Vice Chair next spring as the energy giant completes a board-led handover process.
The index has repeatedly tested new highs through the summer, up more than 30% over the past year, despite the overhanging trade uncertainty.
A quota-for-lower-tariffs trade, floated once before, is back on the table as the clock runs down on Washington's deadline.