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Trump's Tax Changes Threaten Canadian Investments Amid Trade Deficit

6/7/2025

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Summary

Story summary

President Trump's tax legislation may increase taxes on foreign investors, affecting Canadian markets.
Canadian ETFs attracted over $9 billion last month, despite companies withdrawing guidance due to tariffs.
Proposed section 899 could jeopardize a 1942 tax treaty, raising investor concerns.
Canada's trade deficit rose to $7.1 billion in April, surpassing analyst expectations.

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Story summary

President Trump's tax legislation may increase taxes on foreign investors, affecting Canadian markets.
Canadian ETFs attracted over $9 billion last month, despite companies withdrawing guidance due to tariffs.
Proposed section 899 could jeopardize a 1942 tax treaty, raising investor concerns.
Canada's trade deficit rose to $7.1 billion in April, surpassing analyst expectations.