As U.S. President Donald Trump’s 25% tariffs on Canadian goods (10% on energy) take effect tomorrow, March 4, 2025, Canadians are stepping up with savvy strategies to protect their wallets and support their communities. From Halifax to Markham to Nanaimo, residents are taking control—stockpiling essentials, buying Canadian, and planning ahead—so you can too, ensuring your family and finances stay secure during this potential trade war.
Take Parker Lund and Iris, retirees in their 80s from Halifax, who’ve been stockpiling soybeans, peanut butter, and toilet paper in their basement. “We’re staying semi-prepared for price shocks,” Lund shared, giving you a blueprint to follow. Meanwhile, Elizabeth Richardson, a semi-retired teacher from Markham, ON, is leading the charge by choosing Canadian products over American ones. “It’s easier than you think to buy local,” she said, using apps to find Canadian-made goods—showing you how to support your country while keeping costs in check.
This isn’t just about saving money—it’s about strengthening Canada. Robert Szakonyi, a 73-year-old from Nanaimo, BC, has canceled U.S. trips and refuses to buy American products, saying, “We have to support our country.” By following their lead, you’re not only shielding your budget but also boosting local businesses and jobs. Experts like Tu Nguyen from RSM Canada note that while prices for food items like peanut butter, fruits, and meats may rise due to Canada’s retaliatory tariffs on $155 billion in U.S. goods, you can mitigate the impact by buying Canadian where possible and focusing on household budgeting over stockpiling.
Here’s how you benefit: preparing now means you’ll face less financial strain from potential price hikes on cars, appliances, and gas (expected to see a slight increase due to the 10% energy tariff). Economist Samuel Roscoe from UBC Sauder School of Business warns that integrated supply chains—like those for bread, processed meats, and vehicles—could mean higher costs, but smart choices now keep you ahead. Marco Bijvank from the University of Calgary advises against stockpiling to avoid supply chain disruptions, instead urging you to build savings and support local producers—a strategy that keeps your community thriving.
Federal Labour Minister Steven MacKinnon shared on NEWSTALK1010 today that the government has a drafted plan to protect Canadians, giving you added reassurance. By acting proactively—whether through buying Canadian, bolstering your savings, or staying informed—you’re not just surviving this trade war; you’re helping Canada win it. Visit ctvnews.ca for more tips on navigating these changes and supporting your local economy.