Tariff Trouble: How Canadian Investors Can Protect Their Portfolios

News Snapshot:

Trade tensions have once again taken centre stage, with recent developments casting a shadow over the economic landscape. On March 11, U.S. President Donald Trump announced his decision to double tariffs on Canadian steel and aluminum imports to 50%. This move, in retaliation for Ontario’s electricity surcharge on U.S. states, has exacerbated fears of a “Trumpcession,” thus leading to heavy losses on Wall Street and global markets. The S&P 500 fell by 0.75%, while the Dow Jones and Nasdaq also experienced declines. This escalation has worsened the already tense U.S.-Canada trade relationship, raising concerns about inflation, growth, and market confidence....