What Trump win means for Canada and the loonie

Dylan Smith, senior economist at Rosenberg Research, talks with Financial Post's Larysa Harapyn about what the Trump win means for Canada and the loonie.

[salah.]

J'ai atteint les 200 000 aujourd'hui. Merci pour toutes les
connaissances et les pépites que vous m'avez transmises au cours des derniers mois. J'ai commencé avec 14 000

[NO_CLASS_BEATS]

Our leadership new or current needs to move at record pace to start manufacturing our natural resources for our people. This will be a life changing moment for us. It is up to us to rise or be crushed.

[bigsid]

Until Trudeau leaves, Canada will continue to weaken.

[MisterMonsterMan]

Investment is going to leave Canada for the US at record levels over the next year. Canada needs an election in early 2025 in every way imaginable.

[SnowTiger]

Considering the value of the Canadian Dollar in relation to the US, Canada is screwed. By the time we purchase a product in the US, pay for Shipping and then Pay Taxes at the Border and even Duty fees (when applicable), it practically DOUBLES the ticket value of whatever we purchase. It is now only going to get WORSE.

[victorv.]

A government in panic = higher taxes! What else do they know what to do?

[l.a.mottern]

Canada needs to reduce its taxes on its people--they are strangling the economy & trade!

[Icatchbigfish-bl]

Canada and the Loonie. They must be referring to Canada and Trudeau.

[wuhanflu]

Rubio, Gabbard, Horman, Ramaswamy, Elon, Neom and Trump himself have articulated their disgust for Sock Boy.

[gereral_jackofalltrades]

Trump going to laugh at dst tax and Canada's green carbon tax. Canada will be left

[concerned_]

I just purchased a new computer. Fourty percent higher than the US.

Hard for Canadians to be competitive, but hey we have a crumbling social system.

[Destructor]

Fix Canada in 3 easy steps. Get Trudeau the hell out of office, Back the Canadian dollar with Canadian recourses. We have more than almost any other country in the world. Next PM, Approach Trump like a business man, Treat him with respect and we will get it back. Trump knows business And we should run our country like one. Not a charity. It's not hard.

[HodgeChris]

I’m ecstatic with Trump's victory and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 150 grand right now? My goal is to position myself for a prosperous Q1 in 2025.

[sparklesrose]

Stop blaming Trump for what Trudeau did

[justinharasyn]

More businesses are going to leave Canada for the United States. The tax cuts alone will be too enticing.

[millipedic]

Canada's big problem is lack of business investment. Businesses don't invest because returns are better elsewhere. It's a vicious circle. Trump tariffs are going to hurt Canada. The loonie is going to fall. We import so much from the US, cost of living is going to increase. No good news for Canada and no obvious way out of this mess. A new government here is not going to have any easy answers and will not affect US policy.

[BULLOCK]

We need pierre and the conservatives right now. Trudea is not liked by Trump at all.

[Mechone]

Another bank of Canada interest rate cut will bring the dollar yet down again and increase inflation, it has already started October inflation is up

[behonestwithyourself]

So is Canada failing or is the US winning? We need to get it together up here.

[parkerbohnn]

It means Canada will go from a sinking ship to a ship that's sunk.