Canada Turns Inward as Trade War Escalates

Canadians are increasingly turning to domestic alternatives as a trade war between their country and the United States intensifies.

The trend is evident in travel and purchasing habits, with data showing that Canadians made 25% fewer trips to the US in June compared to the same month two years ago.

A Bank of Canada analysis highlighted a 'modest but clearly visible' shift towards buying more Canadian products at grocery stores.

According to Avery Shenfeld, chief economist at CIBC Capital Markets in Toronto, Canadians are making these choices out of a sense of patriotic duty.