BottomBounce
1 month ago
As of May 13, 2025, the United States imposes the following tariffs on Canadian goods:
25% tariff on most Canadian imports, including steel, aluminum, automobiles, and certain auto parts (e.g., engines, transmissions, powertrain parts, and electrical components). These tariffs were implemented starting March 4, 2025, with automobile tariffs effective from April 3, 2025, and specific auto parts tariffs effective from May 3, 2025.
10% tariff on Canadian energy exports, such as crude oil, natural gas, and other energy resources, also effective from March 4, 2025.
Goods compliant with the United States-Mexico-Canada Agreement (USMCA) are exempt from these tariffs, covering approximately 38% of Canadian imports to the U.S. For USMCA-compliant automobiles, only the non-U.S. content is subject to the 25% tariff.
On April 2, 2025, the U.S. introduced a 10% baseline tariff on all imports from countries that have not retaliated against U.S. tariffs, but Canada is excluded from this due to its retaliatory tariffs.
$RY
John Smith Kalk
4 years ago
The Royal Bank of Canada (TSX:RY) saw its net income catapult by C$ 2.5 billion year-over-year (YoY), or 171 per cent YoY, to C$ 4 billion in the second quarter of fiscal 2021. The bank, which is the largest of its kind in Canada by market cap, released its latest earnings report on Thursday, May 27. Ahead of it, on Wednesday, RBC stocks jumped about one per cent to close at C$ 124.45. Hopefully to see a positive trend coming ahead. RBCβs pre-provision and pre-tax earnings amounted to C$ 5.1 billion in the latest quarter, reflecting an increase of 11 per cent so I dont think it will be a loss in keeping RY in portfolio