Canadian Stocks Drop on Trump’s Tariff Threats

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 80%
  • Publisher: 50%

Business 뉴스

Canada,Top Canada,Consumer Goods

Industrial stocks led declines in Toronto on Tuesday after US President-elect Donald Trump threatened 25% tariffs on goods produced in Canada and Mexico on Monday night.

CIO of Main Street Research James Demmert, says investors should move with caution in the auto sector following Trump tariff threat.

“Tariffs dump sand in the gears of the global economy, and markets hate them,” Colin Cieszynski, chief market strategist at SIA Wealth Management in Toronto, said Tuesday, noting that domestic manufacturing stocks are likely to be hit hardest. The Canadian dollar briefly fell to 70.53 US cents on Monday night before recovering somewhat. The Bank of Canada should take the threat of tariffs from the US seriously, according to Sadiq Adatia, chief investment officer at BMO Global Asset Management.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 83. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks drop with Meta, Microsoft; dollar eases after U.S. dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
출처: KitcoNewsNOW - 🏆 13. / 78 더 많은 것을 읽으십시오 »

Six Canadian utility stocks with consistent dividends set to benefit from falling ratesCanadian utility companies that stand to gain from a low-interest rate environment
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Top picks in Canadian bank stocks from a BofA Securities analystDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
출처: globebusiness - 🏆 31. / 66 더 많은 것을 읽으십시오 »

Dow up more than 3% after Trump win as U.S. stocks surge, Canadian markets also riseTORONTO — U.S. stocks surged after Republican candidate Donald Trump won the election, with the Dow Jones industrial average gaining more than 1,300 points by late morning, while Canadian markets were more muted but also rose.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Dow up more than 3% after Trump win as U.S. stocks surge, Canadian markets also riseTORONTO — U.S. stocks surged after Republican candidate Donald Trump won the election, with the Dow Jones industrial average gaining more than 1,300 points by late morning, while Canadian markets were more muted but also rose.
출처: BurnabyNOW_News - 🏆 14. / 77 더 많은 것을 읽으십시오 »