MNI BRIEF: Canada Firms Are Mostly Absorbing Tariffs- CFIB

Canada's Federation of Independent Business said Tuesday its members are absorbing the cost of tariffs on shipments to and from the U.S., evidence why the trade dispute haven't boosted inflation much this year. 

Some 63% of CFIB members surveyed are sharing or paying the full cost of U.S. tariffs. For imports from the U.S. to Canada, about 70% are paying the full tariff. The online survey with 2,090 responses was taken July 10-24. 

“It is clear that most small exporters have had to eat much of the cost of U.S. tariffs in order to keep their American customers,” the group's president Dan Kelly said. (See: MNI BOC WATCH: No Cut Competing With Fed Day, Trump Deadline)