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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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Ontario Premier Doug Ford Calls Snap Election for February 27

Ontario Premier Doug Ford is set to call a snap election next week, sending voters to the polls on February 27. This unexpected move comes as Ford seeks a fresh mandate to address the looming threat of tariffs from the United States under President Donald Trump. The provincial election, originally scheduled for June 2026, has been advanced as Ford emphasizes the need for a "strong mandate" to protect Ontario's economy and jobs.

Ford's decision has sparked criticism from opposition leaders, who accuse him of prioritizing his political career over the province's stability. Ontario Liberal leader Bonnie Crombie expressed her disapproval, stating that Ford has chosen "recklessness over responsibility". Despite the controversy, recent polls indicate that Ford's Progressive Conservative Party holds a significant lead, with 46% of respondents supporting the Conservatives.

The upcoming election will be the first mid-winter election in Ontario since 1981. As the province braces for this unexpected political event, all eyes will be on Ford's announcement next week and the subsequent campaign trail.

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