It makes little sense, when viewed from early April, that Canadian equities are closing out their second-best year this century.
Donald Trump had just unleashed the harshest tariffs since the Great Depression, effectively choking off trade and tearing up a trade agreement he had negotiated. The US president was also openly musing about annexing Canada, stoking unfathomable tensions between the two longtime allies. Political turmoil in Canada added to the unease.
