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The Decibel
How to protect your money during a trade war
Mar 13, 2025
Rob Carrick, a personal finance columnist for the Globe and Mail and co-host of the Stress Test podcast, dives into the current economic turmoil caused by trade wars and tariffs. He discusses how Canadians can protect their finances amid market volatility and recession fears. Rob emphasizes the importance of diversifying investments and maintaining cash reserves for short-term goals, especially for those nearing retirement. He also highlights the benefits of high-interest savings accounts and suggests seizing opportunities in the current market despite economic uncertainties.
21:39
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Quick takeaways
- The recent tariffs imposed by the U.S. have led to stock market declines, particularly in technology, highlighting investors' unease with market volatility.
- To navigate economic uncertainty, individuals should diversify their investment portfolios and balance stocks with safer assets like bonds or GICs.
Deep dives
Impact of Tariffs on Stock Market
The recent imposition of tariffs by the U.S. on steel and aluminum imports has contributed to a noticeable decline in stock markets. Market reactions have been mixed, with notable declines primarily in the technology sector, which had previously seen significant gains. Despite the downward trend, experts emphasize that current declines are not indicative of a full-blown panic, as recent losses are minor compared to historical downturns. This environment suggests that while investors are uneasy, the overall stock market volatility may be viewed with cautious optimism rather than outright fear.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode