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U.S. Midterms Tuesday: What the Vote Could Mean for the Loonie, Tariffs and Your Portfolio

  Canadian Money Brief | Feature U.S. Midterms Tuesday: What the Vote Could Mean for the Loonie, Tariffs and Your Portfolio By MoneySavings.ca | Published November 1, 2026 Americans vote Tuesday in elections that will fill all 435 House seats and 35 Senate seats. Canadians don't get a ballot, but we do get the consequences: a loonie that swung from an 18-month low to a six-week high in about two weeks, a tariff fight that has put 50% duties on roughly US$20 billion of our exports, and a lot of U.S. stock sitting inside our TFSAs and RRSPs. Here is how to think about all of it without trying to guess the winner. The short version: Nobody can reliably trade an election result. Forecasters lean toward Democrats winning the House, with the Senate closer. But history says the bigger market moves tend to come in the months after the vote, not on election night. For Canadians, the useful steps are practical: convert U.S. dollars in pieces, know how much U.S. stock you hold, and don't...

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Stocks Rally, Yields Fall on Fed’s Mixed Messages



The stock market rallied and bond yields fell after the Federal Reserve sent mixed messages about its future policy. 

The Federal Reserve is in a “sweet spot” and may start cutting interest rates in the first half of 2024. The rally in the bond market is driving global bonds to their best month since 2008. The Bank of Japan left its policy rate unchanged and appeared in no hurry to remove negative interest rates. The yen slumped as much as 1.1% to the weakest level in a week, while the Nikkei 225 Index rallied 1.4% to a two-week high.


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