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Stock impact report

How Canadian manufacturers have endured a tumultuous year of Trump's tariffs [Globe and Mail, The (Toronto, Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Rick Lennox, operations manager at Arctic Snowplows, stacks completed plows at the company's facility in London, Ont. The company is getting hit with a 50-per-cent duty on the steel content in its finished product. They're losing sales in the crucial U.S. market. They're laying off staff to keep afloat. And they're snowed under by reams of paperwork as they try to navigate the complex – and frequently changing – tariff policies of the White House. But the United States has also targeted several industries – including steel, aluminum, automobiles and lumber – with punishing tariffs as high as 50 per cent, and that spells trouble for Canadian communities that rely on heavy industry and U.S. demand to power growth, notably those in Southern Ontario. If anything, this is just the latest tough chapter for Canadian manufacturing. At the turn of this century, the industry accounted for roughly 16 per cent of overall gross domestic product; that's now down to less than 9 per cent. Show less Read more
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