Leith urges caution over Trump's Canada-U.S. trade deal signals
BNN Bloomberg's guest sees pre-election politics behind the optimism, while another interview offers a more hopeful outlook.
Why this story? The video opened at a pace of 75,057 views a day, 42 times a normal first day on this channel (1,775).
'You got to take what President Trump is saying with a grain of salt': Leith on potential trade deal
Things we can learn from the video
Press to jump
- 0:50Leith interprets Trump's trade-deal remarks as political positioning ahead of the U.S. midterms.
- 1:54He says Canadian exports largely remain protected from tariffs and points to resilience in the TSX.
- 3:22Banks and energy help explain Canadian market performance, but interest rates and credit cycles pose risks.
- 4:57Leith cautions that stock prices already reflect considerable optimism.
- 5:33He describes a sluggish, K-shaped economy, contrasting the AI boom with pressure on ordinary consumers.
A possible Canada-U.S. trade deal is drawing unusually large audiences to BNN Bloomberg, but its guests are not reading the signals the same way.
Murray Leith, chief investment officer at Odlum Brown, advises skepticism about Donald Trump's remarks ahead of the U.S. midterm elections. His interview drew about 47,000 views in ten hours, already far beyond the channel's usual first-day audience for regular videos.
Leith treats the president's statements as political positioning rather than a reason to assume an agreement is close. Asked about optimism that a deal could arrive within weeks, he shifts attention to the trade that is already happening: he says Canadian exports largely remain protected from tariffs, and points to the TSX's resilience.
That is not an all-clear for investors. Leith argues that considerable optimism is already reflected in stock prices, with banks and energy companies helping explain the Canadian market's performance. Interest-rate pressures and the credit cycle remain concerns.
A separate BNN Bloomberg interview with Michael Sprung, president of Treegrove Investment Management, has also drawn an unusually large early audience. Its title offers a different emphasis: "'I suspect there's a trade deal coming': Sprung on U.S.-Canada trade".
Leith's broader assessment is less buoyant than a strong stock market might suggest. He describes a sluggish, K-shaped economy, with an AI technology boom on one side and strained ordinary consumers on the other.
Published on Trari
Where next?
- Channel
- BNN Bloomberg
- Subscribers
- 188,000
- Channel views, last 7 days
- 627,294
- Channel views, pace per day
- 16,087 (on a normal day: 101,263)
- Video published
- November 2, 2026
- Video views so far
- 47,148 (less than a day online)
- Video views, pace per day
- 75,057
The numbers
Both trade-deal interviews have already drawn far more views than BNN Bloomberg's usual first-day audience for regular videos.
💡 Test your knowledge
Which letter does Leith use to describe the economy's divergent fortunes?
Leith calls it a K-shaped economy, contrasting booming AI technology with strained consumers.


