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.
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