This week's Financial Post VideoPlus analysis delves into pivotal developments shaping the financial landscape for Canada and global markets in early 2026. The coverage focuses on three core themes: the outlook for precious metals, the reverberations of former U.S. President Donald Trump's escalating conflict with the Federal Reserve, and the nuances of Canada-China trade as Prime Minister Mark Carney undertakes a significant visit to Beijing.
Precious Metals and the "Ultimate Critical Mineral"
In a segment featuring Randy Smallwood, CEO of Wheaton Precious Metals Corp., the discussion centered on the prospects for gold, silver, and copper in the coming year. Smallwood offered a bullish perspective, particularly on silver, which he termed the "ultimate critical mineral." He argued that fundamental supply and demand dynamics point to a strong upward trajectory for the metal, highlighting its dual role as both a monetary asset and a crucial component in industrial and green technologies.
Political Pressure on the Fed and Dollar Dynamics
A major point of market concern analyzed is the Donald Trump administration's latest escalation of attacks on the Federal Reserve and its Chair, Jerome Powell. Karl Schamotta, Chief Market Strategist at Corpay, provided expert commentary on what this sustained political pressure could mean for the United States dollar and the broader American economy. The analysis suggests that such conflicts introduce significant volatility and uncertainty into currency markets, with potential spillover effects for Canadian exporters and investors tied to the greenback's value.
Canada-China Relations and the EV Tariff Card
Against the backdrop of Prime Minister Mark Carney's diplomatic mission to Beijing on Thursday, January 15, 2026, trade experts are scrutinizing the bilateral relationship. Mark Warner, principal of MAAW Law, explored the state of Canada's trade relations with China. A key element of the discussion was Canada's strategic positioning regarding electric vehicle (EV) tariffs, which Warner suggested could serve as a valuable bargaining chip in negotiations. The visit, symbolized by Canadian flags flying near Tiananmen Tower, represents a critical juncture for navigating complex economic ties.
Beyond these macroeconomic and geopolitical analyses, the video series also includes personal finance advice from Kelley Keehn, a financial educator and CEO of the Money Wise Institute. Keehn discusses concepts from her new book, "Save Your Self," focusing on how individuals can identify their "money identity" to take greater control of their financial futures.
The combined insights from these segments paint a picture of a volatile and strategically important start to 2026. Canadian policymakers and investors are forced to navigate the twin challenges of domestic political shifts in a major ally and the ongoing recalibration of a vital trade partnership with China.
