Name: Canada Braces for Lengthy Trade Standoff With the US | Insight with Haslinda Amin 8/24/2026
Uploaded: 2026-08-24T06:37:04+00:00
Duration: 2819 s

Speakers

Mary Ng — Former Minister of International Trade, Canada

Robert Lee — Senior Analyst, Bloomberg Intelligence

Lorraine Tan — Morningstar Director of Asia Equity Research

Dhiraj Relli — Managing Director and CEO, HDFC Securities

Jill Disis — Managing Editor, Bloomberg Hong Kong

Roslyn Matheson — Chief Asia Correspondent, Bloomberg

Summary

Bloomberg's Insight covers Canada's deepening trade war with the US, Alibaba's $10 billion Hong Kong share placement and AI spending debate, Nvidia price-hike reports, Korean memory valuations, and India's diaspora deposit flows supporting the rupee.

US-Canada trade talks collapsed, with 50% US tariffs and Canadian retaliation planned for September 8.
Former Canadian trade minister Mary Ng says Canada will seek fair deals, diversify toward Europe and ASEAN, and market Canada as an investable destination.
Alibaba raised $10.2 billion in Hong Kong, with analysts split between AI capex risk and long-term cloud optionality.
Morningstar prefers Tencent among Chinese AI names and sees Baidu's core search as pressured by AI competition.
Morningstar remains positive on Nvidia and sees reset valuations in SK Hynix and Samsung despite near-term memory cycle risks.
India's RBI collected over $65 billion in special diaspora deposits, with HDFC Securities projecting a 94.5-97 rupee range.
Singapore announced major family support measures as its birth rate hits a record low.

Ideas

Mary Ng Former Minister of International Trade, Canada 8:37

Canada remains attractive investable destination.

Canada is an attractive investment destination because it has rule of law, investable projects across technology, energy, clean technology, health innovation, infrastructure and critical minerals; the government is actively diversifying trade and attracting global investors, and she says the world is bullish on Canada.

Robert Lee Senior Analyst, Bloomberg Intelligence 24:19

Alibaba AI spend yields poor returns.

Alibaba has entrenched distribution and a strong cloud position in China; the market dislikes the dilution but it is only 3-4%, and Morningstar's base case is that cloud investment will eventually generate positive free cash flow within the next five years, similar to Amazon's earlier buildout, even though AI losses may persist for a couple of years.

Lorraine Tan Morningstar Director of Asia Equity Research 29:26

Tencent offers more flexibility than peers.

Among Chinese internet and AI names, Morningstar is more comfortable with Tencent because it can monetize WeChat if needed, expects AI to improve gaming margins or reduce production costs, and retains more flexibility than Alibaba's narrower cloud focus.

Lorraine Tan Morningstar Director of Asia Equity Research 30:12

Baidu core search hurt by AI.

Baidu is in a tougher situation because its core search business is being damaged by competition from AI, making it less attractive than Tencent and Alibaba among Chinese AI-related names.

Lorraine Tan Morningstar Director of Asia Equity Research 31:25

Nvidia still has value and demand.

Nvidia remains attractive because it still benefits from strong chip and platform sales, did not outperform the broader tech and chip complex as much over the past year, and still has underlying value; AI spending growth may peak in 2026 but should continue rising, and demand is broad enough to offset in-house chips from Google and Anthropic.

Lorraine Tan Morningstar Director of Asia Equity Research 33:23

Korean memory valuations reset, long-term value.

The recent rout in Korean memory names reset valuations to reasonable levels; SK Hynix moved from a strong sell to a buy call at Morningstar, and while memory growth peaks this year and near-term volatility may persist, looking through the cycle there is still value in SK Hynix and Samsung for longer-term shareholders.

Dhiraj Relli Managing Director and CEO, HDFC Securities 40:42

Rupee likely in 94.5-97 range.

The special foreign currency deposit inflows are a transitory and tactical support for the rupee, but the longer-term path depends on West Asia crude price risks, gold and imported inflation; his comfort range is 94.5-97 INR/USD, with roughly $680 billion in forex reserves providing a greater buffer and no major lasting impact expected from FCNR flows.

Canada Braces for Lengthy Trade Standoff With the US | Insight with Haslinda Amin 8/24/2026

Summary

Ideas

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