With the advent of the Trump 2.0 tariffs, it’s fair to say that the global economy is now in the midst of a widespread and potentially brutal trade war.
Global equity markets garnered positive returns in January, as investors’ confidence was buoyed by generally favourable economic data and upbeat corporate earnings news.
The possible imposition of tariffs on Canada and Mexico and the actual implementation of a 10% across-the-board tariff on China have the potential to increase prices and lower economic growth.
Looking ahead to 2025, investors are surely in for an interesting year. We’ll examine some of the risks, both positive and negative, facing Canada’s economy in our fourth quarter market commentary.