The Financial Post reports in its Wednesday edition that Canadian investors got a sneak peek into the potential winners and losers from a trade war on Monday, as markets tumbled to start the day before recovering after it was revealed that U.S. President Donald Trump had paused tariffs for 30 days, first on Mexico and then on Canada. The Post's Jane Switzer writes that most analysts have concluded that a trade war with Canada's biggest trading partner would be a losing scenario for investors. "It's going to be hard to find any real winners because this is bad on Canada," said Barry Schwartz at Baskin Wealth Management. "It hurts our economy. It could cause a recession." He said energy companies such as Tourmaline Oil, ARC Resources or Peyto Exploration could benefit if the price of natural gas goes up and the loonie continues to weaken, which could help offset tariffs. "It's just how much of the impact of the tariffs hurts them versus the Canadian dollar," he said. Craig Basinger at Purpose Investments said the question of how long potential tariffs could last depends on whether common sense prevails or whether the Trump administration is conducting an economic experiment: "I'm optimistic it doesn't last very long."
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