{
  "id": 3089871,
  "title": "Canadian stocks insulated from U.S. tariffs: banks, utilities, and staples",
  "url": "https://urgent.news/2026/08/24/canadian-stocks-insulated-from-u-s-tariffs-banks-utilities-and-staples",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T19:11:53.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/canadian-stocks-insulated-from-us-tariffs-banks-utilities-and-staples-93CH-4874067"
  },
  "original_language": "en",
  "account": "When the U.S. implemented 50% tariffs on Canadian imports in August this year, investors sought domestic safe havens. Canadian banks and utilities emerged as resilient options. Royal Bank of Canada’s stock rose 23.1% year to date, Bank of Montreal climbed 38.0%, and Fortis presented a defensive 3.4% dividend yield with a low beta of 0.43. The U.S. imposed tariffs after trade discussions ended, threatening about $780 billion worth of annual bilateral trade. Exposure to the tariffs varied among Canadian companies. Those generating revenue within Canada’s economy were the most insulated. Big Five banks, RBC, RBC, and Royal Bank of Canada, do not export products overseas; they manage money domestically. Their earnings come from Canadian mortgages, consumer lending, and wealth management, making them structurally protected against tariffs. Utilities, such as Fortis Inc (FTS) with a 3.4% dividend yield and low beta of 0.43, also served as safe havens. Fortis Inc has increased dividends for over 60 consecutive years. Loblaw Companies, being the largest grocery retailer in Canada, operates entirely domestically, offering a beta of 0.38, indicating minimal sensitivity to trade volatility. While Suncor Energy’s stock surged 56.9% year to date due to robust global oil prices, the risk of tariff disruption remains.",
  "summary": null,
  "key_points": [
    "Canadian banks and utilities insulated from U.S. tariffs",
    "Royal Bank of Canada's stock rose 23.1% year to date",
    "Loblaw Companies, Canada's largest grocery retailer, operates domestically"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}