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Macro

Canadian support for retaliatory tariffs hits record high

Support for Canada’s retaliatory tariffs on the U.S. has reached an all-time high. Of over 1,000 respondents, 75% strongly back the tariffs, with 10% somewhat in favor. Despite concerns, 38% are willing to pay higher prices for everyday goods, and 31% somewhat accept increases.

Original source

AI take

This surge in domestic backing for retaliatory tariffs signals a hardening of Canadian public sentiment that could constrain political flexibility in trade negotiations. The high acceptance of consumer price increases suggests a willingness to absorb economic costs for perceived sovereignty, which may prolong the tariff standoff. For markets, the key variable is whether this political resolve translates into sustained trade barriers, affecting cross-border supply chains and pricing dynamics. Watch for any shift in public tolerance as actual price impacts materialize, as that would be the first crack in this consensus.

Generated by AI for reference only.

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