What this covers
Place: Canada and the United States
Time covered: September 2025 to October 2026
What this does not prove
This describes Canada's action. It does not establish how every US tariff changed, or what a full zero-tariff offer would achieve.
Read the source
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
Complete list of US products subject to counter-tariffs ↗
Department of Finance Canada ·
Where to look: Current counter-tariff measures in force as of October 2026
Bank of Canada: How Canada's counter-tariffs impacted consumer prices, 2026-05. Source terms ↗
Fixes and updates
No fact has changed in this version. If we fix a claim, we will add the date and explain the change here and in our list of fixes.
