Tariff Fight Persists

20%its chance, of the story’s futures

−0.2%on the S&P 500, if it happens

The C$9B package fails to move U.S. policy, and both sides continue to treat tariffs as leverage. Canada keeps retaliatory measures in place while companies adjust production, pricing, and sourcing plans around a longer trade dispute.

What it moves

Non-Energy Materials−1.9%
Industrials−1.4%
Consumer Cyclicals−1.3%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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