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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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Ceasefire Chaos: Russia and Ukraine Exchange Blame Over Infrastructure Attacks

In the aftermath of a high-profile phone call between Russian President Vladimir Putin and U.S. President Donald Trump, tensions between Russia and Ukraine have escalated further. The two nations have traded accusations of launching infrastructure attacks, despite an agreement to temporarily halt strikes on energy facilities.

The call, which aimed to establish a limited ceasefire, saw Putin agreeing to pause attacks on Ukrainian energy infrastructure. However, the ceasefire fell short of the 30-day truce proposed by Trump. Ukrainian President Volodymyr Zelenskyy had initially supported the broader ceasefire but later endorsed the limited agreement.

Hours after the call, reports emerged of drone strikes and missile attacks targeting civilian and energy infrastructure in both countries. Ukrainian officials claimed that Russian forces launched over 40 drones, damaging hospitals and homes in regions like Sumy and Kyiv. Meanwhile, Russian authorities accused Ukraine of sabotaging the ceasefire by targeting an oil depot in the Krasnodar region.

The situation underscores the fragility of ceasefire agreements in the ongoing conflict, with both sides accusing each other of undermining peace efforts. As the international community watches closely, the path to a lasting resolution remains uncertain.

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