U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector
Published . Updated .
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Tariffs of 50 per cent have prompted some Canadian producers to redirect shipments from U.S. to Europe
Directly affected
- No company is named in this report.
Indirectly affected
- 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.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- PICK iShares MSCI Global Metals & Mining Producers ETF-9.1% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) 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 (“canada”).
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”).
- CAT Caterpillar-23.2% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-2.9% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart+12.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLI | -1.66% | -2.29% | base | -1.11% | after close | after close | after close |
| XRTNo price data for this ticker | — | — | — | — | — | — | — |
| PICK | +4.04% | +0.64% | base | +2.26% | after close | after close | after close |
| EWC | +2.17% | +0.68% | base | +2.65% | after close | after close | after close |
| VGKNo price data for this ticker | — | — | — | — | — | — | — |
| CAT | +14.53% | -0.17% | base | -5.22% | after close | after close | after close |
| DE | -3.81% | +1.40% | base | +1.55% | after close | after close | after close |
| WMTNo price data for this ticker | — | — | — | — | — | — | — |
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.
U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector The Globe and Mail
Source: The Globe and Mail
Price since this story was published: Ishares Msci Global Metals & Mining (PICK)
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | that day | -5.22% | final price |
| Caterpillar (CAT) | three days earlier | -0.17% | final price |
| Caterpillar (CAT) | five days earlier | +14.53% | final price |
| Deere (DE) | that day | +1.55% | final price |
| Deere (DE) | three days earlier | +1.40% | final price |
| Deere (DE) | five days earlier | -3.81% | final price |
| Ishares Msci Canada Etf (EWC) | that day | +2.65% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +0.68% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +2.17% | final price |
| Ishares Msci Global Metals & Mining (PICK) | that day | +2.26% | final price |
| 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 |
| Select Sector Spdr Tr (XLI) | that day | -1.11% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | -2.29% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -1.66% | final price |
Congressional trades in the stocks in this story
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 37 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 37 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
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
Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector.” 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
For “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector,” 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 “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector,” 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
Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector.” Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)
- CAT Caterpillar
For “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. 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 “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector.” Reason on file: Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story
- BHP BHP Group
In “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector,” BHP Group (BHP) is linked, with no stored direction, medium confidence. Reason on file: BHP Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story
- DE Deere
For “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector,” Deere (DE) is linked, with no stored direction, medium confidence. 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)
On 4 Nov 2026, “U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector” is the story that connects Ishares Msci Global Metals & Mining (PICK) to this story.
The link for Ishares Msci Global Metals & Mining (PICK) is this: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
Spdr Series Trust (XME) is here too. Its reason reads: SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
The price range for Ishares Msci Global Metals & Mining (PICK), and the dates in the story
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.
How strong the case is around Ishares Msci Global Metals & Mining (PICK)
46 out of 100
“U.S. midterm results raise hopes of tariff relief for Canada’s aluminum sector” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.