
Philip McKellar
General Manager, analyst, and portfolio manager at Contra the Heard Investment Newsletter, a Canadian contrarian value-investing service.
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SEP 7
Sep 11, 2026
September 11 Episode
16:05
16:14
16:22

Philip McKellarGUEST
So big U.S. retail giants are having trouble when they have big factories or sources of supply overseas.

Philip McKellarGUEST
And you can see that in certain retail names, some really high-flying ones like Nike, which has a whole bunch of issues, but this is one of them.

Philip McKellarGUEST
all the way through to lululemon and stuff so there there's a whole bunch of issues there when i look at um say the auto sector is so big here in canada especially in ontario and the trade war between the u.s and canada that that is that's i haven't got my head quite around how it impacts autos and the auto supply chain yet although that's certainly a goal i'm trying to get my head around um When the first wave of the tariff war broke in, say, February 2025, I remember I had a whole bunch of companies on my watch list that I thought could do well in a trade war.
8 MINS LATER