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5 Things to Know Today: Midterms Day, Oil Plunge, Trade Deal, Budget (Nov 3)

  Canadian Money Brief • Tuesday, November 3, 2026 It’s Election Day in the United States, oil just had its biggest one-day drop since late July, and Ottawa tables its budget on Thursday. Here are five things to know today, and what each one means for your wallet. 1. U.S. midterms: Canada is watching Americans vote in the midterm elections today. Markets are expecting Democrats to win the House of Representatives, while control of the Senate is still uncertain. Trade policy has been a campaign issue, especially in border states such as Michigan and Maine, where Republican candidates have faced pressure over tariffs that have hurt local businesses. What it means for you: The result could move the loonie, the TSX and the tariff talks over the coming days, but one election night is rarely a reason to rebuild your TFSA or RRSP. If you need to convert Canadian dollars to U.S. dollars soon, expect choppy exchange rates. 2. Oil plunges on Iran diplomacy, then bounces Oil fell sharply o...
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Trump and Putin Set to Discuss Ukraine Ceasefire

Former U.S. President Donald Trump has announced plans to speak with Russian President Vladimir Putin on Tuesday in an effort to negotiate an end to the ongoing war in Ukraine. Speaking aboard Air Force One, Trump expressed optimism about the potential for progress, stating, "We want to see if we can bring that war to an end. Maybe we can, maybe we can't, but I think we have a very good chance".

The discussion is expected to focus on key issues such as territorial disputes and control over power plants, with Trump describing the talks as "dividing up certain assets". This marks a significant diplomatic move as the conflict, now in its third year, continues to devastate Ukraine and strain international relations.

While Trump has faced criticism for his approach to foreign policy, including his perceived affinity for Putin, his efforts to broker peace could serve as a pivotal moment in the conflict. The outcome of the talks remains uncertain, but the world watches closely as the two leaders prepare for this high-stakes conversation.

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