Canadian Tire Corp. executives say their biggest concern regarding tariffs is the risk of heightened unemployment, rather than the effects of levies on retail prices, because only 15% of the company’s goods come from the US.

Canadian Tire posted fourth-quarter results that showed improved shopping patterns, but executives say those gains are undermined by the looming tariff war between Canada and the U.S.

Canadian Tire Corp. Ltd.'s CEO says consumers have started to ease up on the frugality they adopted to cope with the economic slowdown, but that progress has likely been "substantially erased" by tariff threats.