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How Tariffs Are Affecting Your Grocery Bill (And What You Can Do About It)

If your grocery bill has been giving you sticker shock lately, you're not imagining things — and you're definitely not alone. Millions of Canadians across the country are opening their wallets wider at the checkout, and a big part of the reason can be traced back to one word: tariffs . In this post, we break down exactly what's been happening, how much it's costing you, which foods are hit hardest, and — most importantly — what you can do right now to protect your budget . 💡 Quick Stat: Canada's Food Price Report 2026 predicts a family of four will spend roughly $17,572 on groceries this year — nearly $1,000 more than last year.  What Happened? A Quick Timeline The grocery price squeeze didn't happen overnight. Here's the short version of what led us here: Early 2025: U.S. President Donald Trump imposed broad tariffs on Canadian goods entering the United States, rattling our export-heavy economy. March 2025: Canada fired back with 25% counter-tariffs ...
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Canada Posts $1 Billion Trade Deficit in April

 

Canada recorded a merchandise trade deficit of $1.0 billion in April, according to Statistics Canada. This result follows a revised deficit of $2.0 billion for March, which was initially reported as $2.3 billion.

Here are the key points:

  • Exports:
    • Total exports in April increased by 2.6% to $64.4 billion.
    • Exports of energy products rose by 2.7%, with natural gas exports surging by 60.1%.
    • Crude oil exports also gained 3.0%.
    • Metal and non-metallic mineral products exports rose by 4.7%, driven by unwrought gold, silver, and platinum group metals.
  • Imports:
    • Total imports rose by 1.1% to $65.5 billion in April.
    • Imports of motor vehicles and parts increased by 4.2%.
    • Imports of aircraft and other transportation equipment and parts surged by 23.7%, including the delivery of several ships.
  • Trade in Services:
    • Canada’s monthly international trade in services deficit increased to $1.1 billion in April.
    • Imports of services rose by 1.1% to $18.0 billion, while exports of services remained essentially unchanged at $16.9 billion.
  • Combined Trade Deficit:
    • When goods and services are combined, Canada’s total trade deficit with the world was $2.2 billion in April, compared to $2.9 billion in March.

Economists expect further export gains due to higher oil pipeline capacity and one-off events in the auto sector, while imports may decline due to weak domestic demand and elevated inventory levels.


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