Distilleries and spirit makers are likely to be the hardest hit among Canadian alcohol producers as the United States proposes a broad ban on Canadian booze starting later this month.
Canada’s new counter-tariffs on U.S. goods are triggering a fresh round of trade tensions. While the impact at the checkout isn’t immediate, retail experts warn that price hikes are on the horizon.
Ottawa's retaliatory tariffs on American goods—a response to the 50% tariffs Washington hit Canada with last month—took effect just after midnight EDT on Tuesday, September 8.
The federal government is extending the suspension of federal fuel excise taxes until the new year to help Canadians feeling the pressure from higher energy costs caused by instability in the Middle East.
