Risk Aversion Lingers as Trade War Looms

Market sentiment is continued to be weighed down by the imminent trade war initiated US president Donald Trump. Last week, he announced that he could sign orders to raise tariff on steel and aluminum imports in as soon as this week. Canada would be one of the biggest "victims" as it exports about 90% of steel to the US, whilst accounts for 41% of US aluminum.

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Risk Aversion Lingers as Trade War Looms