Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is ...
“A 10 per cent tariff would imply a $4 to $6 per-barrel levy and (a price discount on Canadian heavy oil) of $15 to $16,” RBC Capital Markets analyst Greg Pardy said in a research note on Sunday, ...