Trade War

An investor might not guess it from the Trump administration’s impatience with bond-market, military and tariff roadblocks, but the US economy is faring just fine. Asset allocators should remain fully invested as per their benchmarks.

Canada may welcome a trade skirmish with the US. It has ample fiscal room with which to retaliate and its domestic political calculus – with bubbling risk of secession – means that fighting an external threat is a boon, not a bore.