You may have noticed recent headlines focusing on trade tensions between Canada and the United States.

The recent imposition of U.S. tariffs on Canada has fuelled a surge in Canadian nationalism. In recent weeks, investors have increasingly asked, "How much of my portfolio is in U.S. equities?"

Trusting his word is like forecasting the weather with a magic eight ball – you’ll get an answer, but don’t expect it to be the same tomorrow.

Although the proposed Canada-U.S. tariffs have been delayed for 30 days, we continue to monitor their potential economic and market impacts on both countries.

The proposed tariffs announced by the U.S. signals a significant shift in global trade dynamics, with 25% tariffs on Canada and Mexico to be imposed beginning in March and an additional 10% on China.