In the war of stock markets, Canada is winning by losing less than the U.S.

News Snapshot:

The trade war has revealed something about U.S. stocks compared to Canadian ones. No, not that U.S. stocks are bigger, better and more resilient. What we’re actually seeing is that shares of U.S. companies were more over-valued going into the trade war, and now they’re falling harder and faster. Who would have thought? The U.S. is dominant in most economic and financial indicators, including stock market gains over virtually all timeframes going out two to 20 years. The trade war has led to a reappraisal of both Canadian and U.S. stocks in light of the economic uncertainty ahead. Tariffs are...