Impact of tariffs on businesses in Canada : expectations and strategic responses, third quarter of 2025 / by Shivani Sood. : CS11-621/190E-PDF

"Amid ongoing shifts in tariffs, trade regulations, and U.S. policy, the Canadian Survey on Business Conditions has continued to serve as a vital tool for understanding how businesses are responding to a rapidly evolving economic environment. Building on analysis from the second quarter of 2025 which was published in June 2025 and captured the initial wave of reactions to newly imposed tariffs, this paper presents updated findings for the third quarter of 2025 from the survey that was conducted between July 2 and August 6, 2025. It examines anticipated impacts on sales, business uncertainty, and selling prices, while highlighting the strategic adjustments businesses are planning in order to navigate this uncertain environment. To provide a comprehensive analysis of broader trends across the entire business sector, survey findings are examined not only for businesses that export to or import from the United States but also for all businesses in Canada"--Page 4.

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