Trade War: Belski Tells Canadian Clients to Not Sell US Assets

Liberal Leader Mark Carney promised his government would get back in the business of homebuilding with a plan he’s pitching as Canada’s most ambitious since World War II.

Carney announced Monday that a reelected Liberal government would create a new entity called “Build Canada Homes,” which would act as a developer to build affordable housing, including on public lands.

Brian Belski, Chief Investment Strategist at BMO Capital Markets, explains why many of his firm’s Canadian clients are in the mood to sell their US-based assets in light of President Donald Trump’s trade war and tariff threats, and why he believes that mindset to be a flawed long-term strategy. Brian speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.

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