Resolution

This market will resolve based on the average tariff rate imposed by Canada on goods imported from the United States as of June 30, 2025. Official data from the Canada Border Services Agency (CBSA) or the Department of Finance Canada will serve as the primary sources for determining the average tariff rate. (According to such sources, the current rate is 25%).

If such data is unavailable by July 31, 2025, the market will resolve as N/A.

Background

In early 2025, trade tensions between Canada and the United States escalated, leading to the imposition of reciprocal tariffs. On February 4, 2025, Canada implemented 25% tariffs on $30 billion worth of U.S. goods in response to U.S. tariffs on Canadian products. Subsequent rounds of tariffs were announced, including additional 25% tariffs on $29.8 billion of U.S. goods effective March 13, 2025. On April 3, 2025, Canada imposed a 25% tariff on vehicles imported from the U.S. in retaliation for similar U.S. tariffs. These measures have significantly impacted the trade relationship between the two countries, with ongoing developments potentially affecting the average tariff rate by the end of Q2 2025.