The time bomb sitting at the core of the Canadian stock market

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In this photo provided by the New York Stock Exchange, traders work on the floor on April 21, 2021.Courtney Crow/The Associated Press

Corporate Canada is about to get on the phone for a much-needed wellness check.

How big businesses are meeting this moment of tariffs and turmoil is one of the great unknowns facing Canadian investors.

Quarterly earnings season, which gets going this week, will offer a glimpse into how each publicly listed company is managing the impact.

The world has changed since the last time we heard from the executive ranks en masse. A global economic shock is taking shape, Canada is careening toward a recession and tariffs have struck at the viability of businesses from coast to coast.

This time around, the numbers themselves won’t really matter. First-quarter financial results are close to meaningless given how quickly the global economic order is shifting.

How chief executive officers…

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