Geoffrey Morgan

Gold Helps Canada’s Stocks Benchmark Outshine the S&P 500 Despite ongoing trade tensions and a weakening economy, Canada’s main stocks benchmark outshone its US counterpart in the first half thanks to a record-breaking gold rally.

Despite trade tensions and a weakening economy, Canada's TSX index outshone its US counterpart in the first half thanks to a record-breaking gold rally.

The question now is whether the gold-led rally will fade. More from @geoffmorgan.bsky.social and I:

www.bloomberg.com/news/article...

Shine Is Off Canadian Stocks as Tariff Drama Hurts Tech and Gold Investment fund managers who pitched Toronto-listed stocks as a place to hide from a US technology downturn have changed that advice because of President Donald Trump’s tariffs.

Money managers who pointed to the TSX as a safe place to hide if the US tech bubble burst are now pivoting from that advice as Canadian stocks are "caught in the downdraft" of tariff drama.

More from @geoffmorgan.bsky.social, @cuhe.bsky.social and I:

www.bloomberg.com/news/article...

Canada Stocks Fall Most Since 2022 in Tariff-Induced Market Rout Canadian stocks dropped in morning trading, falling with global markets after US President Donald Trump applied tariffs to most of its trading partners.

Canadian stocks dropped in morning trading, falling with global markets after US President Donald Trump applied tariffs to most of its trading partners.

From @geoffmorgan.bsky.social and I in our @bloomberg.com markets coverage:

www.bloomberg.com/news/article...

Trade War Saps Canadian Share-Sale Market Despite Metals Deals Volatility from trade tensions with the US kept a lid on Canada’s market for equity deals in the first quarter, even as activity in precious metals perked up.

Volatility from trade tensions with the US kept a lid on Canada’s market for equity deals in the first quarter, even as activity in precious metals perked up.

Trump’s Trade War Forces Canada Into Decision on Whether to Hit US Autos Vehicle buyers in Canada are trying to beat the price hikes of a trade war, as the government of Prime Minister Mark Carney prepares to strike back against the latest fusillade of import taxes from th...

Vehicle buyers in Canada are trying to beat the price hikes of a trade war, as the government of Prime Minister Mark Carney prepares to strike back against the latest fusillade of import taxes from the White House.

Canada Conservatives’ Tax-Shelter Plan Is Potential Boon for Toronto Stocks An election promise by Canada’s Conservative Party that would allow individuals to avoid income taxes on some investments in domestic companies is being lauded in Toronto’s financial district.

Canada's Conservative Party promise to allow individuals to avoid income taxes on some investments in domestic companies is being lauded by some in Toronto’s financial district.

More from @geoffmorgan.bsky.social and I:

www.bloomberg.com/news/article...

Bullion Explorer Makes MAGA Pitch With New Name: Made in America Gold A Canadian investment firm changed the name of its US-focused subsidiary to Made in America Gold from NV King Goldlands. The switch comes as US President Donald Trump is encouraging firms to relocate ...

A Canadian investment firm changed the name of its US-focused subsidiary to Made in America Gold from NV King Goldlands. The switch comes as US President Donald Trump is encouraging firms to relocate operations to the country and threatening imports with escalating tariffs.

Canada’s Anti-Musk Pivot Hits Starlink’s Second-Biggest Market Ontario Premier Doug Ford on Tuesday responded to US President Donald Trump’s tariffs by ripping up the Canadian province’s contract with Elon Musk’s Starlink. “It’s done; it’s gone,” Ford said of the...

Despite patriotic Canadians' desire to boycott American goods, many rely on Starlink's internet service, which has become a lifeline for remote communities.

“What is the alternative? There’s not much alternative,” said Quebec’s minister Gilles Belanger.

www.bloomberg.com/news/article...

Actual Bloomberg alert just sent:

*TRUMP: GLOBALISTS ARE BEHIND STOCK SELL OFF

‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the North Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.

Last chance? If it’s a product of the USA, Canadian consumers are increasingly saying, “no chance.”

Story by our @geoffmorgan.bsky.social (gift link)

www.bloomberg.com/news/article...

‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the North Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.

The "Buy Canada" movement is real, reports @geoffmorgan.bsky.social

At Loblaws, the country’s largest food purchaser, sales of Canadian food had already grown by 8% in the first week of February - before signs identifying domestic products went up

‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the North Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.

Canadians are buying either local produce or non-US produce. Shunning American alcohol. Cancelling US-bound trips.

My latest: The Buy Canada, Bye America movement:
www.bloomberg.com/news/article...

‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the North Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.

If you were wondering whether Canadians were still upset about Trump's tariff threats, @geoffmorgan.bsky.social has some news for you

www.bloomberg.com/news/article...

AS CALLED ON:

Canadian TV (English)
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ESPN Deportes

Coveo Executive Tetu Looks Past Tech, Invests in Energy The chief executive officer of artificial intelligence-focused Coveo Solutions Inc. doesn’t invest in the Magnificent Seven. Instead, his portfolio features one of the market’s cheapest sectors.

Coveo CEO Louis Tetu sets his investment sights past the Magnificent Seven and toward energy stocks, banking on power-hungry AI data centers to drive more demand. $CVO

More from me, @geoffmorgan.bsky.social and @mathieudion.bsky.social:

www.bloomberg.com/news/article...

Canadian Traders Pivot to Safe Bets as Tariff Threats Ramp Up Canadian money managers are gearing up for more turbulence in trading this week after an escalating trade war sparked Monday’s sharp selloff.

Canadian money managers are gearing up for more turbulence in trading this week with tariff uncertainty hanging over the markets.

They're eyeing cash, gold names, among others. More in the latest from @geoffmorgan.bsky.social and I:

www.bloomberg.com/news/article...

Trump’s Tariff Shock Forces Rethink of Canadian Index Targets One day of extreme volatility has shaken Canada’s stock market to the point that strategists may re-consider their benchmark targets for the entire year.

One day of extreme volatility has shaken Canada’s stock market to the point that strategists may re-consider their benchmark targets for the entire year, argue some Bay Street market strategists.

More from @geoffmorgan.bsky.social and I:

www.bloomberg.com/news/article...

Canadians Boo US Anthem as They Seethe Over Trump Tariff Threats From the rocky shores of Newfoundland to the towering forests of British Columbia, Canadians have an unfamiliar feeling growing inside them: They are angry.

From the rocky shores of Newfoundland to the towering forests of British Columbia, Canadians have an unfamiliar feeling growing inside them: They are angry.

Very, very angry.

www.bloomberg.com/news/article...

Canadian Stocks Are Likely to See Correction After Trump Tariffs Canada’s benchmark stocks gauge may see a sharp correction after US President Donald Trump signed an executive order imposing tariffs on imports from the country on Saturday, analysts say.

Canada’s benchmark stocks gauge may see a sharp correction after US President Donald Trump signed an executive order imposing tariffs on imports from the country on Saturday, analysts say.

www.bloomberg.com/news/article... w/ @stephaniehughes.bsky.social

Gold Stocks Shine in Toronto as Yawning Rate Gap Pummels Loonie As Canada’s currency weakens, fund managers are leaning into sectors that pay expenses in the local currency while collecting revenue in US dollars. That has made buying stocks in gold miners a jackpo...

As Canada’s currency weakens, fund managers are leaning into sectors that pay expenses in CAD while collecting revenue in US dollars. That has made buying stocks in gold miners a jackpot trade.

The latest from @geoffmorgan.bsky.social and I:

www.bloomberg.com/news/article...

Trump Tariff Threats Widen Gap Between US, Canada Oil Stocks President Donald Trump’s repeated threats to slap steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks.

President Trump’s repeated threats to impose steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks

@geoffmorgan.bsky.social breaks it down

www.bloomberg.com/news/article...

Canada a ‘Good Place to Hide’ If US Stocks Drop, Contrarian Says Canada’s stock market — where returns have lagged the US for two straight years — might offer investors protection against a downturn in US stocks, a Toronto-based asset manager says.

ICYMI: Canada’s stock market — where returns have lagged the US for two straight years — might offer investors protection against a downturn in US stocks, a Toronto-based asset manager says.

www.bloomberg.com/news/article...

Trump Tariff Threats Widen Gap Between US, Canada Oil Stocks President Donald Trump’s repeated threats to slap steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks.

President Donald Trump’s repeated threats to slap steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks.

Canada a ‘Good Place to Hide’ If US Stocks Drop, Contrarian Says Canada’s stock market — where returns have lagged the US for two straight years — might offer investors protection against a downturn in US stocks, a Toronto-based asset manager says.

Canadian equities, which have trailed the US for two straight years, may be a safe place to hide during a downturn in US stocks, says Picton Mahoney.

More from @geoffmorgan.bsky.social and I:

www.bloomberg.com/news/article...

Political Turmoil Sends Canadian Traders Back to Drawing Board Up and down Toronto’s Bay Street, investors and strategists are rewriting the playbook for Canadian stocks. The reason, naturally, is Donald Trump.

Bay Street market strategists are going over their investment game plans since Trudeau's resignation and Trump's comments to use "economic force" to make Canada the 51st state.

More in my latest for @bloomberg.com with @geoffmorgan.bsky.social:

www.bloomberg.com/news/article...

Political Turmoil Sends Canadian Traders Back to Drawing Board Up and down Toronto’s Bay Street, investors and strategists are rewriting the playbook for Canadian stocks. The reason, naturally, is Donald Trump.

Up and down Toronto’s Bay Street, investors and strategists are rewriting the playbook for Canadian stocks. The reason, naturally, is Donald Trump. w/ @stephaniehughes.bsky.social

Canada Plots Broad Tariff Retaliation If Trump Starts Trade War Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.

Trudeau's government is preparing a huge range of tariffs on US imports if Trump proceeds with his economy-wide 25% levy, sources say. This is not like 2018, where Canada only targeted a few strategic goods with retaliation. www.bloomberg.com/news/article...

Vistra Is First Utility to Top S&P 500 Since 2001 Amid AI Boom Vistra Corp. just pulled off a feat that no other utility stock has managed since 2001 — it topped the leaderboard of the S&P 500 Index with an eye-popping 264% annual gain.

Vistra Corp. just pulled off a feat that no other utility stock has managed since 2001 — it topped the leaderboard of the S&P 500 Index with an eye-popping 264% annual gain.

Dow Industrials Is Mired in Longest Slide Since 1978 While US equities churn near all-time highs, one of the most closely watched indexes is mired in its longest losing streak since Jimmy Carter was president.

While US equities churn near all-time highs, one of the most closely watched indexes is mired in its longest losing streak since Jimmy Carter was president.

The Dow Jones Industrial Average fell 0.6% as of 11 a.m. in New York and is headed for a ninth straight decline.