Canada-US Trade War Escalates as Carney Fires Back at Trump, Bank of Canada Warns of Tariff Risks

The 50% tariffs on Canadian goods that took effect last month are about to get real retaliation — Canada's dollar-for-dollar counter-duties launch next week, and the Bank of Canada is warning they'll raise costs for businesses and feed into consumer prices. If you're buying anything imported from the US, expect prices to climb. The central bank held rates at 2.25% Wednesday but flagged that "new U.S. tariffs and Canadian counter-tariffs will also raise...