What a Trump presidency could mean for Canadian pocketbooks [Yahoo! Finance Canada]
Bank Of Montreal (BMO)
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Source: Yahoo! Finance Canada
As Donald Trump prepares to take office for a second term, Canadians are bracing for a range of policy changes that will inevitably affect our economy — and, by extension, our pocketbooks. While stock and bond markets are already reacting in anticipation of the changes, just how far Trump will go on issues such as trade and immigration remains to be seen. Here's a look at what economists are predicting could lie ahead. Trade and tariffs Canada and the U.S. are each other's closest international partners, with daily trade topping $3.6 billion, according to the Canadian Chamber of Commerce . Canada buys three quarters of America's merchandise exports, to the tune of approximately US$500 billion a year, and nearly $600 billion in Canadian exports go to the U.S. While Bank of Montreal chief economist Douglas Porter said Canada's economy might initially benefit from stronger U.S. growth, Canada would be one of the hardest hit from a possible trade tussle. One of Trump's campaign prom
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BMO
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BMO
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- 11/22/24 - Form 424B2
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