Oxford Economics says Canada's planned retaliatory tariffs on U.S. goods, due to
take effect Sept. 8 and covering roughly C$27.5 billion of annual trade (about
US$19.8 billion), will shelter some domestic manufacturers but raise costs and
hurt most industries, weighing on national GDP by increasing producers and
consumer costs. Ontario and Quebec face the biggest hit given concentrated
manufacturing exposure; Atlantic provinces and British Columbia will also be
pressured as higher prices and weaker household purchasing power dampen their
service-led economies.
