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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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Kremlin Criticizes U.S.-Proposed Ceasefire as Favoring Ukraine

A senior Kremlin official has expressed skepticism over a U.S.-proposed 30-day ceasefire in the ongoing conflict between Russia and Ukraine. Yuri Ushakov, a top foreign policy aide to Russian President Vladimir Putin, stated that the ceasefire would merely provide a temporary respite for Ukraine's military forces. Speaking to state television, Ushakov emphasized that Russia seeks a long-term peaceful settlement that addresses its strategic concerns and interests.

The proposal, endorsed by Ukraine, has been presented as a step toward de-escalating the three-year conflict. However, Ushakov criticized the initiative, suggesting it could be a tactical move to bolster Ukraine's military preparedness. The Kremlin has indicated that it requires more detailed information from the U.S. before taking a definitive stance on the matter.

The ceasefire proposal comes amid intensified diplomatic efforts by the U.S., with President Donald Trump urging both sides to consider the plan as a pathway to broader peace negotiations. While Ukraine has signaled its willingness to support the truce, Russia's response remains uncertain, with officials reiterating their focus on achieving a comprehensive and lasting resolution to the conflict.

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