Mark Carney and Donald Trump <\/p>\n
Canada and the U.S. have historically shared one of the closest economic partnerships in the world, with tightly connected supply chains and decades of smooth trade. But Prime Minister Mark Carney has announced that chapter has ended. In his national address, Carney warned that global changes and new U.S. tariffs have created a \u201crupture\u201d in the relationship \u2014 turning some of Canada\u2019s former strengths into vulnerabilities and forcing the country to chart a new path forward (1).<\/p>\n
\u201cThis decades-long process of an ever-closer economic relationship between the Canadian and U.S. economies is now over,\u201d Carney recently stated in Ottawa.<\/p>\n
As a result, the new American tariff policies are putting pressure on Canadian industries that rely on selling goods to the U.S.<\/p>\n
\u201cOur workers in autos, steel and lumber are facing real risks from these tariffs,\u201d Carney said. He explained that the uncertainty is causing Canadian businesses to delay important investments because they no longer know what the rules will be.<\/p>\n
In short, the \u201cgood old days\u201d of easy trade and steady predictability are over \u2014 and they\u2019re not coming back.<\/p>\n
\u201cOur relationship with the United States will never be the same as it was, even though, in the new protectionist world, we have the best trade deal of any country,\u201d he added.<\/p>\n
Canada isn\u2019t the only country feeling the impact. Because the U.S. is the world\u2019s largest consumer of goods and services, broad tariffs could hurt economies far beyond North America. Carney has even warned (2) that Trump\u2019s sweeping tariffs could \u201crupture the global economy.\u201d<\/p>\n
Changes of this magnitude can feel worrisome, but they aren\u2019t new. The world has faced recessions, trade disputes and financial crises before \u2014 and citizens have found ways to adapt. While no one can accurately predict what lies ahead, investors can still create a plan and focus on assets that stay resilient when uncertainty rises.<\/p>\n
Long regarded as a safe haven, gold isn\u2019t tied to any single country, currency or economy.<\/p>\n
During moments of uncertainty, investors around the world often move more of their money into gold. It can\u2019t be printed out of thin air like fiat money and in times of heated geopolitical activity, investors tend to pile in \u2014 driving up its value (3).<\/p>\n
That pattern has shown up again this year, with gold prices rising 50% over the past 12 months and, according to leading financial market data provider the London Stock Exchange Group (LSEG) (4), is \u201coutpacing leading asset classes.\u201d This marks one of the strongest runs since the late 1970s as investors and even central banks look for protection from inflation, currency swings and global unrest (5).<\/p>\n
Read more: Here are 5 expenses that Canadians (almost) always overpay for<\/a> \u2014 and very quickly regret. How many are hurting you?<\/p>\n If you decide that gold belongs in your portfolio<\/a>, there are several ways you can invest in it \u2014 each with different costs, risks and benefits.<\/p>\n One of the easiest options is to buy gold-linked exchange-traded funds (ETFs), which let you track the price of gold without needing to physically store the precious metal yourself. ETFs offer low fees, can be held in registered accounts like a Registered Retirement Savings Account (RRSPs) or a Tax-Free Savings Account (TFSAs) and provide quick access to buy or sell whenever you need.<\/p>\n You can also buy physical gold, such as coins or bars, through authorized dealers. This gives you direct gold ownership, though it typically comes with added costs for secure storage and insurance.<\/p>\n Another option is gold-related stocks, including shares of mining companies or producers. These investments may rise and fall with market prices and can be more volatile, since they depend on company performance rather than just gold’s value.<\/p>\n If gold is the go-to hedge for moments of chaos, real estate is the long game \u2014 something Trump, who started off as a real estate magnate, understands well.<\/p>\n This asset class is still considered one of the most reliable ways to grow and protect wealth over time. Property values and rental income often rise with inflation, which helps real estate hold its ground when everyday costs are increasing (6).<\/p>\n Real estate doesn\u2019t rely on a strong stock market to deliver returns. Even when markets are shaky, well-chosen properties can continue to generate income, providing steady cash flow. If you\u2019re looking to build resilience into your portfolio, real estate can offer stability \u2014 and there are more ways than one to invest in it than owning physical property.<\/p>\n If you\u2019re interested in real estate as part of your investment strategy<\/a>, you have numerous ways to gain exposure \u2014 ranging from direct property ownership to hands-off investment options.<\/p>\n **Real Estate Investment Trusts **(REITs) are companies that own and manage properties like apartments, offices, shopping centres or industrial plazas. When you buy a REIT, you\u2019re purchasing a slice of a diversified property portfolio. REITs trade on stock exchanges, offer regular income via dividends and, like gold, can be held in RRSPs or TFSAs.<\/p>\n Real estate ETFs bundle a group of REITs and real estate companies together into a single fund. This lets you diversify your real estate exposure across many property types and markets with a single investment. Like REITs, ETFs can be easily bought and sold on the stock market and may also provide dividend income.<\/p>\n Real estate stocks allow you to invest in individual companies involved in real estate, or firms that develop, build or manage properties. These stocks may offer growth if the companies perform well, but they carry the risks associated with any individual business.<\/p>\n Direct property ownership is the traditional way to invest in real estate. This means buying rentals properties yourself \u2014 such as duplexes or condos \u2014 and earning passive income from rent, as well as long-term appreciation on the unit itself. However, this route also comes with hands-on responsibilities like maintenance, taxes and tenant management.<\/p>\n In light of Canada\u2019s relationship breakdown with the U.S., you may be looking to steady your finances in the midst of global uncertainty. Gold can offer protection during periods of volatility, while real estate provides long-term growth with regular, passive income. Together, they give investors practical ways to build resilience when economic conditions \u2014 and global relationships \u2014 suddenly shift.<\/p>\n We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines<\/a>.<\/p>\n Prime Minister of Canada (1<\/a>); CBC (2<\/a>); Standard Chartered (3<\/a>); London Stock Exchange Group (4<\/a>); Business Insider (5<\/a>); REALnorth Opportunities Fund (6<\/a>)<\/p>\n This article provides information only and should not be construed as advice. 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