In the wake of Donald Trump’s re-election as U.S. president and his proposal for 10-per-cent global tariffs, many Canadian companies reliant on U.S. customers are bracing for impact. Tariffs are a policy tool used to protect domestic industries, often at the expense of international exporters. With Canadian exports to the United States exceeding $400-billion in 2022, Canada’s position as the U.S.’s top trading partner makes it particularly vulnerable to such tariffs.
Diversifying revenue exposure across different countries offers additional growth opportunities and reduced risk concentration in the Canadian market. Investors seeking geographic diversification in the face of potential tariffs on exports to the U.S. can target Canadian multinationals with limited U.S. exposure.More than 50 per cent of revenue from international markets, excluding the U.S.Unsurprisingly, only one oil and gas company passed our screen.
a design, manufacturing, and supply chain products provider, is the only technology company that passed our screen, with 90.9 per cent of its sales coming from international markets. Celestica’s outlook is strong, driven by a 24-per-cent projected growth in sales and a 63-per-cent increase in earnings per share in 2024, largely fuelled by demand for its connectivity and cloud products segment.
The information in this article is not investment advice. The author assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained above. Study and track financial data on any traded entity: click to open the full quote page. Data updated as ofDavid Rosenberg: It’s time for a broad move into cash. Even most bonds and commodities have become too risky