With Donald Trump back in the political spotlight, Canadian investors may find themselves reassessing various industries in response to potential shifts in U.S. policies. As Trump’s policies historically leaned towards protectionism and support for local industries, the ripple effects could introduce unique challenges and opportunities north of the border. While some sectors stand to benefit from these changes, others may be better approached with caution. Let’s look at some to consider.
Steel sector
The steel industry is a vital part of Canada’s economy, contributing billions of dollars annually and supporting thousands of jobs across the country. Historically, Trump favoured tariffs and trade barriers to bolster American industries, including imposing tariffs on foreign steel imports to protect U.S. producers.
For Canadian steel producers, this approach may initially sound concerning. However, with Canada often negotiating…
