Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Stocks Open on a Positive Note as Earnings Season Kicks Off

 

The stock market opened on a positive note today, with stocks edging up as the earnings season kicks off. The Dow Jones Industrial Average rose by 0.2%, or about 75 points, while the benchmark S&P 500 gained 0.4% and the tech-heavy Nasdaq Composite advanced about 0.3%. 

The earnings season is seen as a crucial chance for stocks to shake off the losses built in the year so far. JPMorgan Chase, Bank of America, and Wells Fargo all posted decent results on Friday, but the latter two saw shares fall as they failed to settle nerves about potential pain ahead.

Oil prices jumped more than 2% after the US and its allies launched airstrikes against Houthi rebels in Yemen, drawing threats of reprisals from the Iran-backed group behind Red Sea attacks on shipping. Meanwhile, investors are looking for more insight into price pressures after the consumer CPI reading came in hotter than expected on Thursday. 

On Friday, the producer price index showed an unexpected fall in prices last month, boosting hopes that inflation will continue to cool in the months ahead.



Labels:

Comments

Post a Comment