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Economic Viewpoint

Tariffs and Counter-Tariffs: A Double Whammy for Some Canadian Industries

September 8, 2026
Florence Jean-Jacobs
Principal Economist

Highlights

  • The manufacturing sector remains the hardest hit by the trade war.
  • Some industries will face slowing demand and rising costs at the same time.
  • The ability to quickly find alternative suppliers will be critical to mitigating the impact of Canadian counter-tariffs.
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