The Globe and Mail reports in its Saturday edition that while broader global markets were down last week, analysts and money managers believe some stocks and sectors will outperform this trade war and the economic fallout that is expected to follow. The Globe's Brenda Bouw writes that Rebecca Teltscher, portfolio manager at Newhaven Asset Management in Toronto, says investors should be wary of energy and mining. Stocks in these sectors are also expected to be losers in this tariff war as a global economic slowdown reduces demand for oil and gas and for base metals such as copper, which is used in everything from home construction to computers and autos.
S&P/TSX Capped Energy Index was down 13 per cent this past week, while the S&P/TSX Global Mining Index was down 12 per cent. Canadian copper miners such as Teck Resources and First Quantum Minerals each dropped by about 18 per cent this past week, while major energy producers such as Suncor and Cenovus were down 13 per cent and 18 per cent this past week, respectively. Gold, however, will remain an investor favourite amid economic turmoil brought on by tariff-crazed U.S. President Donald Trump.
© 2025 Canjex Publishing Ltd. All rights reserved.