Why fears over NAFTA's fate are overblown

Trump's triumph creates winners and losers among Canadian stocks.

Rudy Luukko 10 November, 2016 | 3:00AM

Canadians who are worried about the economic impact of the U.S. election can take consolation in the fact that Donald Trump has no intention of building a wall across the world's longest undefended border and sending the bill to Prime Minister Justin Trudeau.

What remains to be seen is what other types of barriers the U.S. president-elect, backed by Republican majorities in both the Senate and the House of Representatives, may attempt to erect that would be detrimental to Canadian businesses and jobs.

But on the basis of stock-market reaction the day after the election, there appeared to be little cause for alarm, at least from the perspective of investors in Canadian equities.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Canadian Solar Inc23.01 USD-5.99
TC Energy Corp75.88 CAD-0.24

About Author

Rudy Luukko

Rudy Luukko  Rudy Luukko is a freelance writer who contributes to Morningstar.ca on topics involving fund industry trends and regulatory issues. He retired in May 2018 from his position as editor, investment and personal finance, at Morningstar Canada, where he had worked since 2004. He has also worked as an editor and writer for various general, specialty and institutional media, and he has co-authored courses for the Canadian Securities Institute. Follow Rudy on Twitter: @RudyLuukko.