One year after Trump’s sovereignty threats, Canadians keep ‘elbows up’

Bearish (-0.6)Impact: High

Published on March 7, 2026 (3 hours ago) · By Vibe Trader

Canadians have initiated a widespread boycott of American-made products and travel to the United States in response to U.S. President Donald Trump's tariffs on Canadian exports and his repeated calls for Canada to become the 51st U.S. state [1]. This movement, known as 'Elbows Up,' began in early 2025 and has since evolved into a significant social and economic shift, affecting consumer behavior, travel patterns, and even voting preferences across Canada’s population of 41 million [1].

Polling conducted by Leger, a Montreal-based service, indicates that Canadians remain adamant about not supporting the USA in any capacity, with Steve Mossop, executive vice president at Leger, noting the surprising steadfastness of this sentiment [1]. The Bank of Canada released data last month showing that Canadians have increasingly shifted their food purchases away from U.S. products since early 2025, with domestic brands gaining market share as retailers and liquor stores actively promote Canadian goods [1]. Central bank researchers describe this as a structural change in the national economy, directly resulting from heightened trade tensions, and warn that it could impact Canada’s inflation and the composition of its gross domestic product [1].

Canada was the second-largest U.S. trade partner in 2025, according to the Census Bureau, but economists caution that the bilateral relationship is now 'skating on thin ice.' Excluding the pandemic, the percentage of Canada’s imports from the U.S. reached record lows last year, signaling a significant shift in trade dynamics [1]. Michael Devereux, an economics professor at the University of British Columbia, stated that the perception of the U.S. as a reliable ally has been undermined over the past year [1].

The ongoing boycott and structural changes in consumer behavior are expected to have lasting effects, with polling suggesting that Canadians’ altered purchasing and travel habits are unlikely to revert in the near future [1]. Policymakers on both sides of the border are considering the economic implications, as the transformation could influence inflation and GDP in Canada [1].

CONCLUSION

The Canadian boycott of U.S. goods and travel, sparked by Trump-era tariffs and sovereignty rhetoric, has led to a structural shift in Canada’s economy and trade patterns. With domestic brands gaining market share and imports from the U.S. hitting record lows, the bilateral relationship faces significant strain. Analysts and central bank researchers expect these changes to persist, with notable implications for inflation and GDP.

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