Mark Carney has just announced that Canada will drop most of its remaining retaliatory tariffs against the US effective September 1, 2025.
The White House has responded that this decision has been “long overdue”.
Dr. Sylvain Charlebois of Dalhousie University, better known in Canadian media as The Food Professor, has correctly questioned, “Canada quietly admits what many suspected: Canada’s counter-tariffs hit CUSMA-exempt goods. Today, Ottawa rolled them back—OJ, peanut butter, wine, etc. If they were never allowed in the first place, why did Canadians pay higher prices for months?”
This should pave the way for finally negotiating a trade deal between Canada and the US.
As we have always maintained, such a deal would restore confidence in the real estate market, which should only increase sales and prices going forward.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
