Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections
Published . Updated .
Covered by 5 outlets: CityNews Edmonton, CityNews Vancouver, BNN Bloomberg, Toronto Star, The Spec.
Key takeaways
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The head of Canada’s aluminum industry says the U.S. midterm election results could mark a turning point in the trade dispute between Canada and the United States. Jean Simard, president and chief executive of the Aluminum Association of Canada, said Wednesday the election sent
Directly affected
- No company is named in this report.
Indirectly affected
- PICK iShares MSCI Global Metals & Mining Producers ETF-7.0% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story.
- XME SPDR S&P Metals & Mining ETF-7.3% 30d
SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).
- FCX Freeport-McMoRan-14.9% 30d
Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story.
- BHP BHP Group-6.0% 30d
BHP Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story.
- RIO Rio Tinto Group
Rio Tinto Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story.
- VALE Vale S.A-0.3% 10d
Vale S.A (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| PICK | +4.04% | +0.64% | base | +2.13% | after close | after close | after close |
| XME | +4.70% | +1.09% | base | -1.58% | after close | after close | after close |
| XLI | -1.66% | -2.29% | base | -1.10% | after close | after close | after close |
| EWC | +2.17% | +0.68% | base | +2.40% | after close | after close | after close |
| FCX | +7.87% | +1.12% | base | +0.62% | after close | after close | after close |
| BHP | +5.35% | +1.40% | base | +2.47% | after close | after close | after close |
| RIO | +5.26% | +0.28% | base | +3.51% | after close | after close | after close |
| VALE | +4.42% | +3.87% | base | +4.46% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections CityNews Edmonton
Source: CityNews Edmonton
Price since this story was published: Ishares Msci Global Metals & Mining (PICK)
| Company | When | Move | Status |
|---|---|---|---|
| BHP Group (BHP) | that day | +2.47% | still updating |
| BHP Group (BHP) | three days earlier | +1.40% | final price |
| BHP Group (BHP) | five days earlier | +5.35% | final price |
| Ishares Msci Canada Etf (EWC) | that day | +2.40% | still updating |
| Ishares Msci Canada Etf (EWC) | three days earlier | +0.68% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +2.17% | final price |
| Freeport-Mcmoran (FCX) | that day | +0.62% | still updating |
| Freeport-Mcmoran (FCX) | three days earlier | +1.12% | final price |
| Freeport-Mcmoran (FCX) | five days earlier | +7.87% | final price |
| Ishares Msci Global Metals & Mining (PICK) | that day | +2.13% | still updating |
| Ishares Msci Global Metals & Mining (PICK) | three days earlier | +0.64% | final price |
| Ishares Msci Global Metals & Mining (PICK) | five days earlier | +4.04% | final price |
| RIO | that day | +3.51% | still updating |
| RIO | three days earlier | +0.28% | final price |
| RIO | five days earlier | +5.26% | final price |
| VALE | that day | +4.46% | still updating |
| VALE | three days earlier | +3.87% | final price |
| VALE | five days earlier | +4.42% | final price |
| Select Sector Spdr Tr (XLI) | that day | -1.10% | still updating |
| Select Sector Spdr Tr (XLI) | three days earlier | -2.29% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -1.66% | final price |
| Spdr Series Trust (XME) | that day | -1.58% | still updating |
| Spdr Series Trust (XME) | three days earlier | +1.09% | final price |
| Spdr Series Trust (XME) | five days earlier | +4.70% | final price |
Members of Congress who traded Ishares Msci Global Metals & Mining (PICK) near this story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Msci Global Metals & Mining (PICK)
Companies tied to this story
- PICK Ishares Msci Global Metals & Mining
For “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections,” Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
- XME Spdr Series Trust
In “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections,” Spdr Series Trust (XME) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
- XLI Select Sector Spdr Tr
In “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- EWC Ishares Msci Canada Etf
In “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”)
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- FCX Freeport-Mcmoran
Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections.” Reason on file: Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story
- BHP BHP Group
BHP Group (BHP) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections.” Reason on file: BHP Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story
- DE Deere
Deere (DE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections.” Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Ishares Msci Global Metals & Mining (PICK)
The 4 Nov 2026 story “Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections” names Ishares Msci Global Metals & Mining (PICK) because of this story.
What ties Ishares Msci Global Metals & Mining (PICK) to the headline is this: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
A second company, Spdr Series Trust (XME), is listed for a different reason: SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
Dates and price levels for Ishares Msci Global Metals & Mining (PICK)
PICK traded between 54.38 and 61.57 across 20 sessions. The latest close on file is 56.72. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73. XME traded between 95.15 and 109.02 across 20 sessions. The latest close on file is 97.66.
What the saved facts support for Ishares Msci Global Metals & Mining (PICK)
77 out of 100Price not final
“Canadian aluminum industry sees hope for tariff relief after U.S. midterm elections” scores 77 out of 100. The score uses 5 sources, and 8 linked companies. The price is not final yet.