Canada’s coffers received $660 million in revenue from customs import duties in October—a year-over-year increase of 63 per cent that suggests the remaining counter-tariffs on some U.S. autos plus $15.6 billion worth of American steel and aluminum are still having an effect. (The Logic)

Talking point: Import duties generated nearly $7.2 billion from April to October, according to the Fiscal Monitor published Tuesday by the Finance Department. That is a 132 per cent increase over the same period last year, but nowhere near the $20 billion the Liberals booked into their election platform. Import duties revenue started rising in March after Ottawa levied 25 per cent tariffs on a wide range of U.S. goods. It dropped by 33 per cent in September after the Liberal government rescinded counter-tariffs on $44.2 billion worth of American imports. It fell another 12 per cent in October over the month before.

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