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Sources & fixes / I-E07

When Canada taxed many US goods in 2025, prices for the taxed goods rose about 6% more than for other goods. About a quarter of the tax reached shop prices. That added about 0.3 points to the rise in prices. Prices fell back about three months after the taxes ended.

Checked 2026-10-19. Each record says what the source can and cannot show.

What this covers

Place: Canada
Time covered: March to September 2025; online prices at seven large sellers

What this does not prove

One episode. Sellers absorbed part of the tax, partly because they expected it to end. A tax expected to last may reach prices more fully.

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How Canada's counter-tariffs impacted consumer prices ↗

Bank of Canada · 2026-05

Where to look: Key takeaways: about one-quarter of the counter-tariffs reached consumer prices, adding roughly 0.3 percentage points to inflation; prices of tariffed goods rose about 6% more and returned to pre-tariff levels about three months after removal

Bank of Canada: How Canada's counter-tariffs impacted consumer prices, 2026-05. Source terms ↗

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When Canada taxed many US goods in 2025, prices for the taxed goods rose about 6% more than for other goods. About a quarter of the tax reached shop prices. That added about 0.3 points to the rise in prices. Prices fell back about three months after the taxes ended.

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What this does not show: One episode. Sellers absorbed part of the tax, partly because they expected it to end. A tax expected to last may reach prices more fully.

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Bank of Canada: How Canada's counter-tariffs impacted consumer prices, 2026-05. Source terms ↗

Sources and notes