Scotiabank analysts in the biggest domestic market sectors selected stocks most at risk of U.S. tariffs,
“All the banks would be heavily exposed to the economic fallout from a Canada-U.S. trade war, although banks with a higher share of earnings coming the United States, such as BMO and TD, would be relatively more insulated… In a trade-war scenario, we would strongly favour Canadian lifecos over banks … With Diversified Financials and Insurance being service-oriented, with no physical exports, we think tariff implications relate more indirectly to GDP/unemployment and foreign exchange translation.
The stocks are MongoDB Inc., DT Midstream Inc., Evergy Inc., Quanta Services, United Parcel Service, American Airlines Group Inc., Boston Scientific Corporation, Royal Caribbean Cruises, Ionis Pharmaceuticals Inc., Intercontinental Exchange, Meta Platforms Inc., Welltower, The Coca-Cola Company, Take -Two Interactive, Ally Financial Inc. and AT&T Inc.