Canada collects hundreds of millions from counter‐tariffs boost

Monday, June 2, 2025, 1:22 pm

Canadian authorities report a significant surge in import duties during March, with extra revenue of around $600–617 million generated by counter‐tariff measures against U.S. trade restrictions. The recalibration of the tariff list proved lucrative amid ongoing trade tensions, providing a surprising fiscal upside.

Bluesky: @ledevoir.com

torontosun.com / Conservative MP asks Liberals if ‘elbows up’ tariff response was ‘simply fake news’

Tories continuing to press Carney Liberals on Canada's counter-tariffs during question period

nationalpost.com / U.S. counter-tariffs help Canada bank $617M more in import duties than last March

Revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier

globalnews.ca / Canada collected $617M extra from import duties as counter-tariffs hit U.S.

The federal government's latest fiscal monitor report shows revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier.

citynews.ca / Ottawa collects extra $617M from import duties in March as counter-tariffs hit U.S.

Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect. The federal government’s latest fiscal monitor report, published late last week, shows revenues from customs import duties topped…

ledevoir.com / Le Canada a fait 600 millions de dollars avec les contre-tarifs en mars

Depuis, le gouvernement Carney a réduit la liste des biens importés des États-Unis concernés par ces mesures.

financialpost.com / Canadian dollar pushes through 73 cents U.S. on more tariff turmoil and possible Bank of Canada hold

A rate hold should provide support to the Canadian dollar, while a cut would make the loonie less attractive to investors

permalink / 6 stories from sources in 44 hours ago #federal #finance #tariffs #canada

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Canada collects hundreds of millions from counter‐tariffs boost

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