The Globe and Mail reports in its Monday edition that Canadian stocks have been happily oblivious to the tariff madness. The Globe's Tim Shufelt writes that in the last four months, the S&P/TSX Composite Index is up 6 per cent -- roughly the same as the big American stock indexes. Canadian stocks took a decent hit when it appeared as though tariffs were imminent, but nothing commensurate with the threat to the Canadian economy. The Toronto Stock Exchange is cushioned somewhat from domestic mayhem by its strength in natural resources, which align it more with global forces. The loonie, however, gets it. It dropped by nearly five U.S. cents over the last four months, before its latest relief rally. As goes the trade war, so goes the loonie. Beneath the Canadian stock market's calm surface, great changes are afoot. Trade-exposed names have been clobbered, such as MDA Space, NFI Group and Bombardier. At the top of the market, on the other hand, are gold miners, which tend to benefit from a weak loonie. That is because they generally sell what they produce in U.S. dollars, while paying costs in Canadian dollars. Of the top 30 performers in the Canadian benchmark index year to date, 24 of them are gold miners.