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The U.S. and Canada have long enjoyed an unusually close economic relationship, with integrated supply chains, aligned industries and decades of largely friction-free trade. But that era is ending, according to Canadian Prime Minister Mark Carney.<\/p>\n
\u201cThis decades-long process of an ever-closer economic relationship between the Canadian and U.S. economies is now over,\u201d Carney said in Ottawa recently (1).<\/p>\n
He cautioned that many of Canada\u2019s former strengths \u2014 built on its tight ties with the U.S. \u2014 have now become vulnerabilities. In particular, President Donald Trump\u2019s tariff policy is jeopardizing Canadian jobs that depend on exports to the U.S.<\/p>\n
\u201cThe jobs of workers in our industries most affected by U.S. tariffs \u2014 autos, steel, lumber \u2014 are under threat,\u201d Carney said, adding that uncertainty is causing Canadian businesses to hold back investments.<\/p>\n
Simply put, the good old days are gone \u2014 and won\u2019t return.<\/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
This isn\u2019t the first time Carney has signaled a profound shift. Back in March, he warned that \u201cthe old relationship we had with the United States, based on deepening integration of our economies and tight security and military cooperation, is over,\u201d and that Canada must \u201cfundamentally reimagine\u201d its economy for a \u201cdrastically different world (2).\u201d<\/p>\n
And Canada isn\u2019t alone in absorbing the shock. The U.S. is the world\u2019s largest consumer market for goods and services and many countries rely heavily on American demand. Broad-based tariffs could therefore have severe economic consequences far beyond North America.<\/p>\n
Indeed, Carney has cautioned before that Trump\u2019s sweeping tariffs \u201cwill rupture the global economy (3).\u201d<\/p>\n
However, this isn\u2019t the first time the world has seen a geopolitical shock. The global economy has weathered upheaval before \u2014 recessions, trade wars, financial crises. And while no one can predict the exact landscape ahead, investors can still build out a path \u2014 especially by focusing on assets that can hold up when uncertainty runs high.<\/p>\n
Story Continues <\/p>\n
Ray Dalio, founder of the world\u2019s largest hedge fund, Bridgewater Associates, has repeatedly stressed the importance of holding one particular safe-haven asset: gold.<\/p>\n
\u201cPeople don’t have, typically, an adequate amount of gold in their portfolio,\u201d Dalio told<\/a> CNBC earlier this year. \u201cWhen bad times come, gold is a very effective diversifier.\u201d<\/p>\n More recently, he reiterated the point, noting that \u201cin a time of great stress, what you\u2019ll find is that the gold will do well [when the other] assets don\u2019t (4).\u201d<\/p>\n Long seen as the ultimate safe haven, gold isn\u2019t tied to any single country, currency or economy. It can\u2019t be printed out of thin air like fiat money and in times of economic turmoil or geopolitical uncertainty, investors tend to pile in \u2014 driving up its value.<\/p>\n Read more: Warren Buffett used 8 solid, repeatable money rules to turn $9,800 into a $150B fortune. Start using them today to get rich (and stay rich)<\/a><\/p>\n Over the past 12 months, gold prices have surged just over 60%.<\/p>\n Opening a gold IRA with the help of Goldco<\/a> allows you to invest in gold and other precious metals in physical forms while also providing the significant tax advantages of an IRA.<\/p>\n With a minimum purchase of $10,000, Goldco offers will match up to 10% of qualified purchases in free silver.<\/p>\n If you\u2019re curious whether this is the right investment to diversify your portfolio, you can download your free gold and silver information guide today<\/a>.<\/p>\n If gold is the go-to hedge for moments of chaos, real estate is the long game \u2014 and no one knows that better than Trump himself.<\/p>\n Before politics, Trump made his fortune in real estate \u2014 and the asset class remains a powerful tool for building and preserving wealth, especially during inflationary times. That\u2019s because property values and rental income tend to rise along with the cost of living.<\/p>\n Unlike some other investments, real estate doesn\u2019t need a roaring stock market to deliver returns. Even during downturns, high-quality properties can generate rental income \u2014 offering a dependable stream of passive cash flow.<\/p>\n As Trump told Steve Forbes back in 2011, \u201cI just notice that when you have that right piece of property, whatever it might be, including location, it tends to work well in good times and in bad times (5).\u201d<\/p>\n Today, you don\u2019t need to buy a property outright to benefit from real estate investing. Crowdfunding platforms like Arrived<\/a> offer an easier way to get exposure to this income-generating asset class.<\/p>\n Backed by world-class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100<\/a>, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants.<\/p>\n The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you\u2019d like to purchase and then sit back as you start receiving any positive rental income distributions<\/a> from your investment.<\/p>\n Another option is First National Realty Partners (FNRP)<\/a>, which allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord.<\/p>\n With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart<\/a>, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns.<\/p>\n Simply answer a few questions \u2014 including how much you would like to invest \u2014 to start browsing their full list of available properties<\/a>.<\/p>\n We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines.<\/p>\n Prime Minister of Canada (1<\/a>); NOW Toronto (2<\/a>); CBC (3<\/a>); @92ndStreetY (4<\/a>); @Forbes (5<\/a>)<\/p>\n This article provides information only and should not be construed as advice. It is provided without warranty of any kind.<\/p>\n","protected":false},"excerpt":{"rendered":"Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.…\n","protected":false},"author":2,"featured_media":352487,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,103,175448,155,126632,164622,101,1168,9580,942,175449,13658],"class_list":["post-352486","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-canada","tag-canadian-businesses","tag-dave-ramsey","tag-economic-consequences","tag-economic-relationship","tag-economy","tag-jeff-bezos","tag-mark-carney","tag-president-donald-trump","tag-prime-minister-of-canada","tag-relationship"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/352486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=352486"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/352486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/352487"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=352486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=352486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=352486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}