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5 Things to Know Today: Midterms Day, Oil Plunge, Trade Deal, Budget (Nov 3)

  Canadian Money Brief • Tuesday, November 3, 2026 It’s Election Day in the United States, oil just had its biggest one-day drop since late July, and Ottawa tables its budget on Thursday. Here are five things to know today, and what each one means for your wallet. 1. U.S. midterms: Canada is watching Americans vote in the midterm elections today. Markets are expecting Democrats to win the House of Representatives, while control of the Senate is still uncertain. Trade policy has been a campaign issue, especially in border states such as Michigan and Maine, where Republican candidates have faced pressure over tariffs that have hurt local businesses. What it means for you: The result could move the loonie, the TSX and the tariff talks over the coming days, but one election night is rarely a reason to rebuild your TFSA or RRSP. If you need to convert Canadian dollars to U.S. dollars soon, expect choppy exchange rates. 2. Oil plunges on Iran diplomacy, then bounces Oil fell sharply o...
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Navigating Divorce: The Power of Pre-Nuptial Agreements

 

When it comes to marriage, love and commitment are often at the forefront of our minds. But what about practical considerations? What happens when love fades, and the practicalities of dividing assets and responsibilities come into play? That’s where pre-nuptial agreements (pre-nups) step in.

The ideal outcome with a pre-nup is that you never need to use it. However, life is unpredictable, and there are countless scenarios where having a pre-nup would’ve been helpful. Even for younger couples who may not have significant assets yet, there are compelling reasons to consider one.

Pre-nups aren’t just about safeguarding existing assets. They can also protect what you accumulate during the marriage. Imagine a scenario where one partner inherits a substantial sum from their parents and invests it in the matrimonial home. Without a pre-nup, that windfall could become a point of contention during a divorce. By addressing these financial aspects upfront, couples can avoid messy disputes later on.

Having children significantly impacts a marriage. Whether it’s one parent becoming a stay-at-home caregiver or dealing with daycare costs while both work, children change everything. Pre-nups can provide predictability in divorce proceedings, especially when it comes to spousal support. Sacrifices made for child-rearing should be acknowledged and protected.

Pre-nups can also address growth on assets, whether it’s property or investment accounts. Consider a home brought into the marriage. If the marriage lasts a decade, the property’s value likely appreciates significantly. Without a provision in the pre-nup, an ex-spouse could claim half of that increase. Protecting growth ensures fairness and clarity.

Pre-nups aren’t about planning for failure; they’re about planning for a successful marriage. By addressing financial matters upfront, couples can navigate divorce more smoothly if it ever becomes necessary. So, before you say “I do,” consider the practical side of love and explore the power of pre-nuptial agreements.


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