The Financial Post reports in its Saturday edition that Barrick Gold may redomicile in the United States, in part to be included in index-driven trading via the S&P 500. The Post's Barbara Shecter writes it is not the first time Barrick has considered a move to the U.S., but there is more to the story this time, with the company joining a growing list of companies and sectors reacting to a trade war and other policies advanced by U.S. President Donald Trump. "With a thickening Canada-U.S. border and America's decisive turn toward protectionism and mercantilism, coupled with lower taxes and a more attractive regulatory environment for business in the U.S., it is not difficult to imagine scenarios in which more than a few Canadian companies choose to move their head offices to the U.S.," Jock Finlayson, a senior fellow at the Fraser Institute, said. Brookfield moved its head office to New York from Toronto as part of a corporate restructuring in January, and TD analysts spotted a Feb. 11 regulatory filing by Shopify that named a headquarters in New York for the first time. "Make no mistake, each time a Canadian company becomes less Canadian, it is harmful to Canada's capital markets," TD analysts said in a note.
© 2025 Canjex Publishing Ltd. All rights reserved.