08:37 AM EST, 11/04/2025 (MT Newswires) -- Canadian October new vehicle sales hit the highest level since March, according to Desrosiers, said Scotiabank.

They landed at about 1.94 million seasonally adjusted annual rate (SAAR), up by just under 5% month-over-month seasonally adjusted, noted the bank.

It could be that inventories and incentives are helping to offset the United States tariffs, stated Scotiabank. Or it could be evidence that tariffs divert trade toward imports without tariffs.

Either way, that's not an option in the U.S. that applies tariffs against everyone's auto imports, but especially from Asia and Europe, added the bank.