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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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Essential Retirement Investing Tips

 


Start Early and Be Consistent

When it comes to retirement investing, it's crucial to start early and be consistent. The power of compounding works wonders over time, so the earlier you begin investing for retirement, the more time your money has to grow. Take advantage of retirement accounts such as RRSP that offer tax advantages and employer matching contributions if available. Set up automatic contributions from your paycheck to ensure a consistent investment habit. Remember that even small contributions can make a significant difference over several decades of investing.

 

Diversify Your Investments

Diversification is another key aspect of retirement investing. Spreading your investments across different asset classes, such as stocks, bonds, and real estate, can help reduce risk and increase potential returns. Consider diversifying within each asset class as well. For stocks, for instance, diversify across different industries and sectors. This way, if one investment performs poorly, the impact on your overall portfolio may be mitigated. Regularly review and rebalance your portfolio to maintain diversification and adjust your asset allocation as you approach retirement to reduce risk further.

 

Maintain a Long-Term Perspective

Finally, it's essential to have a long-term perspective and avoid making impulsive investment decisions based on short-term market fluctuations. Market volatility is a natural part of investing, and trying to time the market consistently is challenging. Instead, focus on your long-term goals and stick to your investment plan. Consider consulting with a financial advisor who can provide guidance and help you navigate the complexities of retirement investing. Regularly assess your progress and adjust your investment strategy as needed, but avoid making knee-jerk reactions based on temporary market conditions. Remember, retirement investing is a marathon, not a sprint.

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