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Democrats Win U.S. Congress: What It Means for Canadian Tariffs and Your Wallet

  Canadian Money Brief • Wednesday, November 4, 2026 Democrats have won control of both the U.S. House and Senate, including seats in states Donald Trump carried by double digits two years ago. For Canadians, the big question is simple: does this end the tariffs? The short answer is not yet. What happened The Associated Press and major U.S. networks called the Senate for Democrats late Tuesday night and the House early Wednesday. Democrats flipped seven Republican-held Senate seats, according to Forbes’ tally of AP calls, including Maine, North Carolina, Iowa, Ohio and Texas. In the House, roughly 75 races were still undecided at last report, and the new Congress does not take over until 2027. Democratic leaders framed the result as a call for change, while news outlets widely described it as a rebuke of President Trump. Trump told the New York Times he was “absolutely willing” to accept the results and said Republicans would work with Democrats. Why it matters in Canada Democrati...
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Tensions Escalate as Strike on Israeli Golan Heights Kills 11

 

A deadly rocket strike on the Israeli-controlled Golan Heights has claimed the lives of 11 children and teenagers, raising fears of a broader regional conflict. The attack, which occurred on a soccer field in the Druze town of Majdal Shams, marks the deadliest strike on an Israeli target along the northern border since the recent escalation of hostilities between Israel and Hezbollah.

Israeli authorities have blamed the Lebanese militant group Hezbollah for the attack, but Hezbollah has vehemently denied any involvement. Rear Adm. Daniel Hagari, the chief spokesman for the Israeli military, described the incident as a “very serious” event and vowed that Israel would respond accordingly.

Hezbollah’s chief spokesman, Mohammed Afif, stated that the group “categorically denies carrying out an attack on Majdal Shams.” This denial is unusual for Hezbollah, which has claimed responsibility for multiple attacks on Israeli military posts in recent days.

The strike follows a series of cross-border skirmishes, including Israeli airstrikes on Hezbollah positions in southern Lebanon and retaliatory attacks by Hezbollah. The escalating violence has prompted Israeli Prime Minister Benjamin Netanyahu to cut short his visit to the United States.

Lebanon’s government has called for an immediate cessation of hostilities and condemned all attacks on civilians. As tensions continue to rise, the international community watches with concern, fearing that the conflict could spiral into a wider regional war.


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