Caught in the crosshairs

Canada's in the middle of the U.S-China trade war and things don’t look good

Yan Barcelo 8 October, 2019 | 2:15AM

Crosshairs

Canada is caught in the crossfire of the trade war between the U.S. and China, and the impact on the Canadian economy is starting to show. It’s sometimes good, mostly bad, though for now, the stock market remains largely unruffled. But this is probably temporary.

Even without the “Huawei affair”, Canada would still be impacted by the ongoing trade war. Canada’s problems with China flared up last December, when Huawei’s chief financial officer Meng Wanzhou was arrested by the Royal Canadian Mounted Police at the request of the U.S., based on the extradition treaty between the U.S. and Canada. This resulted in a direct hit to Canada’s commerce with China.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Inter Pipeline Ltd7.83 CAD-7.01
Nutrien Ltd31.62 USD-6.84

About Author

Yan Barcelo  is a veteran financial and economic journalist with more than 30 years of experience, writing for many publications in Toronto and in Montreal, including CPA MagazineLes Affaires and Commerce.