#tariff-impact

#tariff-impact

With the winds of tariff turmoil whipping up economic seas, today's better than expected GDP figures for the UK show an economy that has so far been able to navigate itself to calmer waters. Output grew during the month across two of the three major sectors, with the economic engine, the services sector growing by 0.4%. Construction saw solid progress whilst production slipped due to falls in the manufacturing sector. UK GDP grew at a faster rate of knots during the first quarter and its fastest rate in three quarters.

The Ontario budget features a $14.6 billion deficit, driven by economic uncertainty and a projected Real GDP slowdown to 0.8% in 2025 amidst tariff battles.

Utility stocks are the ultimate safe haven if you're looking to dodge the impact of tariffs. Any new tariff announcement will cause the stock market to react badly. But each tariff shock could disproportionately benefit utility stocks since investors will be rushing in to add ballast to their portfolios.