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‘Buy Canadian’ boosts local beauty industry. Will tariffs end up reversing that?

financialpost
Summary
Nutrition label

74% Informative

Indigenous-owned Cheekbone Beauty Cosmetics Inc. saw a 190 per cent surge in sales in March .

Industry players both small and large told the Financial Post they are seeing sales surge.

Smaller brands are particularly vulnerable, especially if they depend on U.S. sales.

Beauty was Canada ’s fastest growing industry in the first half of 2022 , according to Circana .

Canadian beauty firms can face higher costs associated with manufacturing their products as well.

Many small Canadian -owned brands looking to grow and expand internationally often end up getting bought out by large American companies.

Some Canadian manufacturers are evaluating whether they can import Chinese -made components directly to Vancouver and not via the U.S ..

VR Score

80

Informative language

81

Neutral language

41

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

8

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