The Financial Post reports in its Wednesday edition that six of the Magnificent Seven stocks are declining this year, while only three of the Canadian benchmark's seven biggest stocks are down. A Bloomberg dispatch to the Post says that mounting friction with U.S. President Donald Trump is taking a toll on both nations' stocks, but the key Canadian equities gauge, the S&P/TSX Composite Index, is down less so far this year compared with the S&P 500, which has been stung by steep losses in the megacap techs. If the current trend holds, it would be the third straight quarter for Canada's market to outpace its U.S. counterpart, something that has not happened since the U.S. Federal Reserve was raising interest rates aggressively in 2022. It is perhaps a surprising that Canada, which sends the majority of its exports to the U.S., is joining the list of global equity markets delivering better returns than the U.S. this year. Canada's benchmark has received a lift from shares of copper and gold miners, especially the latter as that asset is seen as a safe haven. "Trump's tariff threats weigh more heavily on the U.S.'s higher-growth, more-volatility equities than Canada's," Bloomberg strategists said on March 4.