Insights

What a difference a few weeks, or even days, makes. In a major pivot, the U.S. administration went from announcing sweeping tariffs across many of its trading partners to then invoking a three-month pause for all countries. The exception is China, where...

Global equity markets fell more sharply this week following the announcement from the U.S. administration that its reciprocal tariffs will be much broader and larger than most investors expected. The “Liberation Day” announcement raised the spectre of...

Canada’s intractable softwood lumber dispute with the U.S. has long cast a shadow over the country’s promising forestry sector. However, reimagining its potential, building a value-added industry, and seeking new markets could be the playbook that Canada...

The Bank of Canada lowered its benchmark interest rate again in March, this time to 2.75% from 3%.

Although trade policies are evolving and government responses remain uncertain, here is a summary of what we know.

The U.S. administration has implemented blanket tariffs on Canada and Mexico after a 30-day reprieve with 25% on all imports except 10% on Canadian energy. An additional 10% tariff on China is also planned. Canada has been hit with its largest trade shock...

Despite numerous threats, the U.S. government has undertaken one definitive action so far: an additional 10% tax on Chinese imports. Nevertheless, the risk of new tariffs remains.

The significant risk that tariffs pose to Canada’s economy casts a potentially dark shadow over the housing market.

Tariffs can have many economic impacts, but we think investors should focus on the economic and political goals that are driving decision-making.