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About 40 per cent of Canadian businesses say they are either very or somewhat likely to hike prices over the next year to deal with U.S. tariffs. (The Logic)
Talking point: The fourth-quarter Canadian Survey on Business Conditions that Statistics Canada published on Tuesday suggests firms in the manufacturing, construction and both the wholesale and retail trade sectors are among the most likely to pass on the costs of the trade war. About 14 per cent of respondents said they were unlikely to pass on costs, while 31 per cent said they do not expect any cost increases due to tariffs. Meanwhile, one-fifth of businesses said they had changed their marketing practices over the past six months to promote domestic products amid the Buy Canadian movement. The impact is limited so far, though, as just 13 per cent of businesses reported higher sales of Canadian products over that period.
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