As the U.S. goes head-to-head with China in an unforeseen trade battle that will raise the cost of almost everything south of the border, many Canadians are wondering what it means for their wallets.
While experts worry about the Canadian economy slowing down, and many predict global costs are headed up due to Donald Trump’s tariffs, some argue Canadian prices on electronics, clothing, food, appliances and other consumer products will not immediately skyrocket as a result.
In fact, RBC is currently predicting that inflation at the end of 2025 will remain close to the Bank of Canada’s target of two per cent.
