Canada Goose Holdings feeling tensions of Huawei exec arrest.

Escalating tensions between China and Canada triggered by the arrest of Huawei Technologies Co.’s finance chief is having a dramatic impact on two of the world’s hottest apparel stocks. Canada Goose Holdings Inc., the trendy maker of premium parkas, has tumbled almost 20 per cent over the past four days. At the same time, Bosideng International Holdings Ltd.,

a Hong Kong-based downy apparel maker, has jumped nearly 13 per cent to a fiveyear high.

Canada Goose shares closed Tuesday at $73.98, off 1.4 per cent on the day, in Toronto trading. They were more than $91 last week.

The detention of Huawei’s Meng Wanzhou last week has affected Canadian companies, causing Canada Goose’s share price to slump, the official Weibo account of a website backed by state-run Global Times said Tuesday. Calls have gone out on the Weibo social-media platform to boycott Canadian brands, including Canada Goose.

“Canada detained Huawei’s CFO, while Canada Goose is from there,” said Linus Yip, Hong Kong-based strategist at First Shanghai Securities Ltd. “It is possible that some consumers would change their feelings over the brand and choose to buy other brands. Some may opt to buy domestic brands like Bosideng.”

Canada Goose is a highprofile target in part because its name so clearly announces its roots. Other Canadian brands with a strong presence in China, such as Imax Corp. and Tim Hortons, haven’t seen significant share moves or been singled out for boycotts.

Canada Goose, the second-best performer in Canada’s benchmark stock index this year, has set big goals for expansion in China.