there is probably some increase on the cost of goods from transportation element because of gasoline price, iirc most of canada’s oil is refined in america and canada buys it back from america - which means the tariff of oil will probably raise the prices of good as a secondary effect
I figured there would be something like that, there is an oil refinery really damn close by, so I know we do some. It almost blew up once. Considering the rate that food prices have been going up regardless, it will probably be pretty hard to notice.
I was wondering if since supposedly less companies buy stuff from Canada, it will have quite an impact to the CAD, bringing in less demand for it, then the value of the currency will drop. Bringing the price of stuff in Canada up?
i am not sure, it has been many years since i read my economics book.
but it sounds about right, though hopefully somebody more well read can confirm, i am not confident to say how the currency value of CAD in respect to USD will react.
there is probably some increase on the cost of goods from transportation element because of gasoline price, iirc most of canada’s oil is refined in america and canada buys it back from america - which means the tariff of oil will probably raise the prices of good as a secondary effect
I figured there would be something like that, there is an oil refinery really damn close by, so I know we do some. It almost blew up once. Considering the rate that food prices have been going up regardless, it will probably be pretty hard to notice.
I was wondering if since supposedly less companies buy stuff from Canada, it will have quite an impact to the CAD, bringing in less demand for it, then the value of the currency will drop. Bringing the price of stuff in Canada up?
i am not sure, it has been many years since i read my economics book.
but it sounds about right, though hopefully somebody more well read can confirm, i am not confident to say how the currency value of CAD in respect to USD will react.