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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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Beirut Under Siege: Israel’s Expanded Campaign Hits Hard

 

The Lebanese capital, Beirut, has been rocked by heavy airstrikes as Israel expands its military campaign in Lebanon. The strikes have primarily targeted the southern suburbs of Beirut, an area known to be a stronghold of Hezbollah.

Since Friday, Israeli forces have intensified their bombardment, making it difficult for rescue workers to access affected areas. The strikes have caused significant damage and heightened tensions in the region. Lebanese security sources report that the ongoing attacks have hampered efforts to search for survivors and provide aid to those affected.

The Israeli Defense Forces (IDF) have stated that their operations are aimed at neutralizing Hezbollah targets, which they claim are embedded within civilian areas. This escalation follows a series of cross-border incidents and rising hostilities between Israel and Hezbollah.

The international community has expressed concern over the increasing violence and its potential to destabilize the region further. Calls for a ceasefire and diplomatic resolution have been growing louder as the situation continues to unfold.


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