20:23:28 EDT Wed 02 Jul 2025
Enter Symbol
or Name
USA
CA



FP/wire say TSX resilient, despite Trump's best efforts

2025-04-24 09:30 ET - In the News

The Financial Post reports in its Friday edition that as U.S. President Donald Trump's trade war continues, Canadian equities are poised to outperform their U.S. counterparts. A Bloomberg dispatch to the Post quotes Brian Madden at First Avenue Investment Counsel in Toronto saying, "If you look out over a decade, I think you can see the opportunity setting up to favour Canada." In Canada, borrowing is cheaper, stocks are valued at around a 25-per-cent discount to the S&P 500, and the nation's currency is trading below its long-term average. That makes the country ripe for domestic and foreign investment and, by extension, equity outperformance. Investors are noticing. For the first time since 2016, the S&P/TSX Composite Index outperformed the S&P 500 for three straight quarters, despite Canada's economy being threatened with U.S. levies through much of that time. And flows into Canada-focused equity exchange-traded funds hit a four-year high in the week after Mr. Trump's April 2 tariff spree. In addition, both Liberal leader Mark Carney and Conservative leader Pierre Poilievre are running on pro-business platforms that involve cutting taxes, developing natural resources and boosting internal trade.

© 2025 Canjex Publishing Ltd. All rights reserved.