Canadian Firms Delay Passing Tariff Costs to Shoppers

Many Canadian companies aren’t yet charging their customers higher prices because of tariffs, a sign that inflation pressure stemming from the ongoing trade dispute with the U.S. may be delayed.

Q3 data from Statistics Canada’s Canadian Survey on Business Conditions said 42% of businesses didn’t pass along tariff-related cost increases to their customers in the past six months. A quarter of firms said they did charge more because of tariffs, and 33% of companies surveyed said they hadn’t experienced higher costs from the tariff war. 

But about 40% of firms say it’s very likely or somewhat likely they’ll need to increase prices to cover tariff costs over the next year. The survey was taken from July 2 to August 6.

Read more in an article from Transport Topics.