Canadian boycott of U.S. spirits in trade war hurts broader alcohol sales, analysis says
Sales of U.S. spirits in Canada dropped 66.3 per cent between March 5, when provinces announced they would stop carrying the products in retail stores, and the end of April, according to an analysis by Spirits Canada.
The group, which represents Canadian manufacturers and marketers of distilled spirits, said total spirits sales in Canada fell 12.8 per cent during the same period.
U.S. wine and spirits off the menu long-term for majority of Canadian drinkers: report
Trump thinks Canadians are 'nasty' to deal with for avoiding U.S. travel, banning booze, ambassador says
'The North American spirits sector is highly interconnected, and the immediate and continued removal of all U.S. spirits products from Canadian shelves is deeply problematic for spirits producers on both sides of the border,' said Cal Bricker, president and CEO of Spirits Canada.
Several Canadian provinces pulled U.S. spirits from liquor stores in response to U.S. President Donald Trump's imposition of a 25 per cent tariff on certain imports.
Most recently, Trump's threat to impose a 35 per cent tariff on Canadian goods starting Aug. 1 has raised concerns about an escalating trade war and spurred a 'Buy Canadian' movement among consumers and businesses.
In early March, Jack Daniel's maker Brown-Forman Corp called the removal of American bourbon and whiskey from Canadian liquor stores worse than Canada's retaliatory tariffs and described it as a disproportionate response to Trump's levies.
Trump threatens 35% tariffs on Canadian goods starting Aug. 1
According to Spirits Canada, sales of U.S. spirits in Ontario, Canada's largest market for spirits, plunged 80 per cent after the products were removed from shelves. Two provinces, Alberta and Saskatchewan, have since resumed selling U.S. spirits, the group said.
The decision to pull U.S. spirits has hurt American distillers, as well as Canadian revenues, consumers and hospitality businesses, Spirits Canada added.
Currently, U.S. tariffs are suspended on imports from Canada that comply with the U.S.-Mexico-Canada Agreement (USMCA). Spirits produced in Canada fall under this trade pact.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
10 minutes ago
- Globe and Mail
Why Is Wall Street Obsessed With AI (Artificial Intelligence) Leader Palantir?
Key Points Palantir stock trades at an astronomical P/E ratio. Investors see a huge growth opportunity in this relatively small company. 10 stocks we like better than Palantir Technologies › Investors have gone wild over data analysis company Palantir Technologies (NASDAQ: PLTR). Palantir stock has already more than doubled this year, and it's up nearly 1,500% over the past three years. It continues to rise despite an astronomical valuation that also keeps climbing. At today's price, it's trading at a price-to-earnings ratio of 660. Here's why investors are keep pushing it higher. Niche AI services Artificial intelligence (AI) is the biggest trend in the markets today, and with so many companies providing exposure to it in different ways, it can be challenging to parse the best AI stocks to buy. What appeals to many investors are huge growth opportunities and technology that provides a moat. That's where Palantir comes in. Some of the large AI companies like Nvidia and Amazon are already so big that it's debatable how much bigger they can get. Stocks generally move on growth, and the larger the foundation, the harder it is to increase it in percentages. Finding a younger company with growth prospects that can still move the needle can be much more attractive to growth investors. Palantir provides an AI platform that organizes data, connecting data from different places to simplify complex operations. Its original product was built for government clients, but it now has a product for commercial use as well, which is growing quickly. Its government and defense contracts give it stability and create a high barrier to entry, while the commercial platform in the U.S. is growing at a faster pace -- up 71% year over year in the 2025 first quarter, outpacing total company revenue growth of 39%. As more companies see the benefits of using AI, this segment has a long growth runway. With total company revenue of only $3.1 billion over the trailing 12 months, Palantir could continue to enjoy high and profitable sales growth for many years, with a stock gain to match. That's something for investors to get excited about. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025
CTV News
10 minutes ago
- CTV News
Advance voting underway in provincial riding of Arthabaska
A person votes in Montreal on the first Monday of October 2018, election day in Quebec. (The Canadian Press/Graham Hughes) Advance voting is taking place this weekend in the provincial riding of Arthabaska, in Quebec's Centre-du-Québec region, ahead of the Aug. 11 byelection. Ten candidates are in the running. The race appears to be shaping up as a contest between Quebec Conservative Party leader Éric Duhaime and Parti Québécois candidate Alex Boissonneault. The governing Coalition Avenir Québec (CAQ) is fielding Keven Brasseur. Other candidates from parties represented in the National Assembly include Chantale Marchand for the Quebec Liberal Party and Pascale Fortin for Québec solidaire. Also running with authorization from Élections Québec are Louis Chandonnet (Équipe autonomiste), Denis Gagné (independent), Trystan Martel (Climat Québec), Arpad Nagy (independent) and Éric Simard (Union nationale). The byelection was triggered by the resignation of CAQ MNA Éric Lefebvre, who left provincial politics mid-mandate to run federally. He was elected April 28 under the Conservative Party of Canada banner in the federal riding of Richmond–Arthabaska. In the last Quebec general election in October 2022, Lefebvre was handily re-elected with 51.75 per cent of the vote — more than 12,200 votes ahead of his closest challenger, Conservative candidate Tarek Henoud. This report by The Canadian Press was first published in French on Aug. 3, 2025.
Toronto Sun
40 minutes ago
- Toronto Sun
Smithsonian to restore Trump impeachment exhibit ‘in the coming weeks'
Published Aug 03, 2025 • 2 minute read People visit the Smithsonian Museum of American History on the National Mall in Washington, April 3, 2019. Photo by Pablo Martinez Monsivais / AP The Smithsonian said on Saturday that it would restore information about President Donald Trump's two impeachments to an exhibit in the National Museum of American History within weeks. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The Washington Post reported on Thursday that in July, the museum removed a placard describing Trump's impeachments and reverted the exhibit to how it looked in 2008. That display – a glass case dominated by a file cabinet damaged in the Watergate break-in – says that 'only three presidents have seriously faced removal': Andrew Johnson, Richard M. Nixon and Bill Clinton. The placard mentioning Trump was removed from the exhibition, 'The American Presidency: A Glorious Burden,' after what the Smithsonian called a 'review' of 'legacy content.' A person familiar with the exhibit plans, who was not authorized to discuss them publicly, previously told The Post the placard was removed as part of a content review the Smithsonian undertook following pressure from the White House to remove an art museum director. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. As the keeper of memory for the nation, it is our privilege and responsibility to tell accurate and complete histories. As has been recently reported, in July, a placard was removed from @amhistorymuseum's exhibit 'The American Presidency: A Glorious Burden.' The intent of the… — Smithsonian (@smithsonian) August 2, 2025 'We were not asked by any Administration or other government official to remove content from the exhibit,' the Smithsonian said in a statement Saturday. 'The section in question, Impeachment, will be updated in the coming weeks to reflect all impeachment proceedings in our nation's history.' Before it was removed last month, the placard had been on display since September 2021, according to a Smithsonian spokesperson. It read, 'Case under redesign (history happens),' and mentioned Trump's two impeachments, as well as details about the other three presidents. In 2019, Trump was charged by the House with abuse of power and obstruction of Congress for his attempts to pressure the Ukrainian government to investigate Joe Biden. Two years later, he became the first president to be impeached twice when the House charged him with inciting an insurrection during the Jan. 6, 2021, Capitol attack. The Senate acquitted Trump both times, so he was never removed from office. This advertisement has not loaded yet, but your article continues below. Trump has attempted to exert influence over prominent cultural institutions in his second term, taking over the John F. Kennedy Center for the Performing Arts, making drastic changes at the National Endowment for the Arts and the National Endowment for the Humanities, and imposing budget cuts on the National Park Service. In March, he signed an executive order to eliminate 'anti-American ideology' across the Smithsonian museums and 'restore the Smithsonian Institution to its rightful place as a symbol of inspiration and American greatness.' National Museum of American History spokeswoman Valeska Hilbig told The Post that removing the placard was the only change it made as a result of its content review. In Saturday's statement, the Smithsonian defended its decision to remove the placard even as it promised to quickly add Trump's impeachments back to the exhibit. 'The placard, which was meant to be a temporary addition to a twenty-five year-old exhibition, did not meet the museum's standards in appearance, location, timeline, and overall presentation,' the statement said. 'It was not consistent with other sections in the exhibit and moreover blocked the view of the objects inside its case. For these reasons, we removed the placard.' Toronto Blue Jays Sunshine Girls Homes Sunshine Girls Toronto & GTA
