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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“China is successfully and completely taking over the once Great Country of Canada. So sad to see it happen. I only hope they leave Ice Hockey alone! President DJT”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Trump’s claim that China is “taking over” Canada could spark short-term volatility in Canadian-focused names like Enbridge Inc (ENB), Royal Bank of Canada (RY) and iShares MSCI Canada ETF (EWC), as traders reassess political and regulatory risk around foreign ownership and cross‑border relations. Heightened geopolitical tension rhetoric may also weigh on broad financials and energy via XLF and XLE, while simultaneously boosting perceived safe havens and hard-asset plays such as Gold.com, Inc. and VanEck Gold Miners ETF (GDX). Given the explicit China angle, sentiment-driven flows could hit iShares MSCI China ETF (MCHI) and benefit gold-related assets and select defensive Canadian names if investors interpret the remarks as a sign of worsening U.S.-China-Canada dynamics.
Here are some of the stocks that might be affected:
Enbridge Inc ((ENB)),
Royal Bank Of Canada ((RY)),
Financial Select Sector SPDR Fund ((XLF)),
Energy Select Sector SPDR Fund ((XLE)),
Gold.com, Inc. ((GOLD)),
iShares MSCI China ETF ((MCHI)),
VanEck Gold Miners ETF ((GDX)),
iShares MSCI Canada ETF ((EWC)).