The trade impact of Brexit on Canada will be relatively small while impact on investment while be slightly greater, Grantham said. The vote could also mean lower returns on Canadian investment in U.K., especially for Canadians and firms that have exposure there. Jaime Watt, executive chairman at public strategy firm Navigator Ltd. said the anti-immigration sentiment spreading in the U.S. and U.K. could actually be beneficial for investment in Canada. One of them is the Canada Pension Plan’s investment arm, which has been scooping up infrastructure assets across Britain. Though Canada shares similar cultures to the U.S. and U.K., it does not share the protectionist streak displayed by those allies, he said.

Source: thestar July 12, 2016 17:37 UTC