Canada’s Q2 trade-tax receipts fall from 2025 counter-tariff peak
Federal trade-tax receipts fell sharply from a counter-tariff-inflated 2025 base, while second-quarter fiscal results showed a wider federal deficit.
Week of September 21 to September 26, 2026 · Saturday 6 AM Toronto edition
23 verified stories · 6 industry groups
These are the highest-impact verified developments of the week, ranked before the full industry roundup below.
Federal trade-tax receipts fell sharply from a counter-tariff-inflated 2025 base, while second-quarter fiscal results showed a wider federal deficit.
The U.S. share of Canadian new-vehicle sales fell sharply, adding evidence that cross-border tariffs are shifting purchases toward overseas suppliers.
Jasper Hill Farm says lost Canadian cheese sales and higher domestic costs show how tariffs are straining a cross-border specialty-food exporter.
Canadian wellness businesses report rising sourcing, pricing and market-access risks as tariffs squeeze cross-border whey and specialized food trade.
The week was led by the highest-impact verified updates: Federal trade-tax receipts fell sharply from a counter-tariff-inflated 2025 base, while second-quarter fiscal results showed a wider federal deficit. The U.S. share of Canadian new-vehicle sales fell sharply, adding evidence that cross-border tariffs are shifting purchases toward overseas suppliers.
No confirmed trade measure is scheduled to take effect in the next seven days. Watch for whether this week's negotiations, countermeasures, or industry impacts turn into a dated official action.
Each story appears once. Single-industry stories are grouped by their tag; wider stories appear under Multi-industry.