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Consumer spending has largely stayed strong so far and the pinch from higher duties hasn't been as severe as some companies had feared.
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Carney said Canada will lift its tariffs on U.S. goods that comply with a North American free trade pact but keep tariffs on U.S. steel, aluminum and autos.
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Canada announced Friday it was dropping many of its retaliatory tariffs on U.S. goods, though the 25% counter-tariff on autos, steel and aluminum remains.
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Some of the largest retailers in the U.S., including Walmart, Home Depot and Target, have had to raise prices on some items due to tariffs. They've kept prices down on other items.
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