Forget Salem. We should all be hopping on our broomsticks to check out Sleepy Hollow

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-24 • Permanent link

Amidst the tumultuous trading session, Canada Goose's stock price plummeted by a staggering 12% in a single day, wiping out nearly $200 million in market value. The luxury outerwear brand's woes are a direct result of the US tariffs imposed on Canadian goods, which have been a contentious issue between the two nations for months. The US tariffs, imposed by the Trump administration in 2017, have been a major point of contention between the two countries, with the US imposing tariffs on Canadian goods such as lumber, steel, and dairy products. The tariffs have had a ripple effect on the global economy, impacting various industries and businesses.

Ripples of this market downturn are being felt across the globe, with investors scrambling to reassess their portfolios. The plunge in Canada Goose's stock price has also led to a decline in the overall market, with the S&P 500 index experiencing a significant drop. This is a sobering reminder of the interconnectedness of the global economy and the potential for market volatility. As investors continue to navigate this uncertain landscape, it's essential to stay informed and adapt to changing market conditions.

Industry experts point to the long-standing trade tensions between the US and Canada as a significant contributing factor to Canada Goose's woes. The company's reliance on Canadian suppliers and manufacturing partners has made it vulnerable to the impact of the tariffs. Since last quarter, the US-Canada trade tensions have intensified, with both countries imposing additional tariffs on each other's goods. This has led to a decline in trade volumes and a rise in costs for Canadian companies, including Canada Goose.

Looking ahead, investors will be watching closely for any developments that could impact the global economy. The US presidential election, scheduled for next year, is expected to have a significant impact on trade policies and market sentiment. Additionally, the ongoing COVID-19 pandemic continues to pose a threat to global economic growth, and investors will be keeping a close eye on any updates from governments and health organizations. As the market continues to navigate this uncertain landscape, one thing is clear: the impact of the US-Canada trade tensions will be felt for some time to come.