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Tariffs Hit Small Canadian Businesses | Toronto News
Canada’s trade war with the U.S. is hitting small businesses hard—40% of Canadian exporters are now facing 50% tariffs on goods ranging from machinery to food and creative products, with nearly a third expecting revenue to plummet. Though only 20% of small businesses export, over half import from the U.S., making them the first to feel the sting of retaliatory tariffs. Past government aid failed to reach most SMEs, prompting calls for smarter relief like tax breaks. The Prime Minister suspended talks after U.S. tariffs threatened $28 billion in Canadian goods, citing insufficient progress…
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