Canadian futures slide as Trump’s Bombardier sales ban threat revives trade worries

Canadian stock index futures indicated a softer open on Tuesday, pressured by fresh cross-border trade friction and broad weakness across commodity and financial stocks.

Futures tracking the S&P/TSX Composite index declined 0.55% to 2,132.7, signaling a muted start for Toronto equities after Friday’s downbeat session.

Bombardier faces revenue threat from U.S. ban

Bombardier Inc., the Canadian business jet maker whose shares also trade over the counter in the United States, came under pressure after U.S. President Donald Trump threatened to block sales of its aircraft in the American market unless the company shifts manufacturing to U.S. soil.

Trump said that more than 50% of Bombardier’s revenue originates in the United States. With consensus analyst forecasts putting the company’s full-year 2026 revenue at roughly US$10.2 billion, an enforced U.S. market ban could put around US$5 billion in annual top-line revenue at risk.

The ultimatum marks a fresh escalation in cross-border trade rhetoric. Trump has repeatedly used tariff threats and import-restriction warnings against key trading partners, including Canada, as a negotiating tool to force industrial relocations and extract trade concessions, intensifying bilateral economic tensions.

The soft futures momentum follows Friday’s selloff on the Toronto Stock Exchange, where the benchmark S&P/TSX Composite index closed 0.33% lower.