Equity investors in Toronto and New York face vastly different risks following President-elect Donald Trump’s threat to ramp up tariffs on cross-border trade to 25% from previous expectations of 10%.
Founder of Zechner Associates John Zechner explains which stocks he believes could be vulnerable under Trump's proposed tariffs.
Those are merely the names with most exposure to the US economy. More than a third of the stocks on Canada’s main stocks benchmark have revenue booked in the US, including some of the country’s largest companies like Canadian National Railway Co., Barrick Gold Corp. and Cenovus Energy Inc. Some of country’s largest manufacturers, including auto parts company Magna International Inc. and watercraft maker BRP Inc., are doubly exposed — producing goods in both Mexico and Canada.
US investors, by contrast, have significantly less to fear in the form of retaliatory tariffs from Canada and the impact to revenue and earnings.
Top Canada Elections General Government Markets North America Politics Stock Market News Top News Unites States World Top World
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffsMEXICO CITY (AP) — President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S.
Read more »
Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffsMEXICO CITY (AP) — President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S.
Read more »
Mexico Suggests It Would Impose Its Own Tariffs To Retaliate Against Trump Tariffs“One tariff would be followed by another in response, and so on until we put at risk common businesses,” Mexican President Claudia Sheinbaum said.
Read more »
Trump’s proposed tariffs would make it ‘very difficult’ for Canadians: ambassador to U.S. warnsWith every U.S. presidential election, we are reminded that America is this Canada’s biggest trading partner. We have a stake in the outcome of this election, too. Trump has called for a minimum tariff on all imports into the U.S. Global’s Dawna Friesen spoke to Kirsten Hillman, Canada’s ambassador to the U.S.
Read more »
Taxes, tariffs, and inflation : How Trump and Harris impact gold pricesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Wall Street girds for Trump 2.0: Tariffs, tax cuts and volatilityInvestors anticipate lower taxes, deregulation and volatility
Read more »