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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...
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Canadian Inflation Climbs to 1.9% in January as Core Measures Edge Higher

 

Canada’s annual inflation rate in January rose modestly to 1.9%, up slightly from December’s 1.8% . The increase was largely driven by a surge in energy prices—especially gasoline and natural gas—which counterbalanced the downward pressure on prices provided by the recent GST/HST tax break on select goods ; additional details were outlined by Statistics Canada.

Core inflation measures, which exclude the more volatile food and energy components, also recorded an uptick. Both the CPI-median and CPI-trim indexes climbed to 2.7%, indicating persistent underlying price pressures despite headline inflation staying near the Bank of Canada’s target range of 1–3%.

Analysts suggest that while the tax holiday helped ease food price inflation—leading to declines in some categories—the rebound in energy costs has nudged overall inflation upward. With the temporary tax break now ended, economists will be closely monitoring upcoming data to determine if this modest rise is a temporary anomaly or a sign of more entrenched inflationary pressures.

By keeping a keen eye on core inflation metrics, policymakers and market watchers alike are preparing for future monetary decisions aimed at keeping inflation in check as new data emerges.


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