The Financial Post reports in its Tuesday edition that Canadian markets on Monday got a boost from energy companies, with the TSX Energy Index rising 2.3 per cent. A Canadian Press dispatch to the Post quotes Brian Madden, chief investment officer at First Avenue Investment Counsel, saying the bump is likely due to U.S. President Donald Trump's inauguration, as some of Mr. Trump's policy promises would benefit the industry. The widespread cold snap is also a factor, boosting demand for natural gas. Beyond potential gains for energy, there is a lot on the line with the new president in power, Mr. Madden said. If Mr. Trump introduces the sweeping 25 per cent tariffs threatened on Canadian goods, "what's at stake for the economy is a trillion dollars worth of trade flow and potentially a deep recession," he said. The latest surveys on business and consumer sentiment from the Bank of Canada released Monday showed sentiment improving despite concerns about potential tariffs. Tuesday will bring the report on December inflation, which Mr. Madden expects to show continued moderation. As for the U.S., Mr. Madden says, "They haven't really put the inflation genie back in the bottle at all" and tariffs could fuel more inflation.