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RBC Economics says the Canada-China truce removes 25% tariffs on Canadian seafood, peas and canola meal, and cuts the canola seed tariff from 75.8% to 15% from March 1, 2026. In exchange Canada lowers tariffs on Chinese electric vehicles to 6.1% for up to 49,000 vehicles.
The bank notes that Canadian canola exports to China fell sharply in 2025 as trade diversified elsewhere.
The truce should restore some Chinese demand for Canadian canola products, but diversification to other buyers limits how much prices can rebound.
rbc.comSalim ZanzanaFeb 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
