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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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Your daily horoscope: May 1, 2025

 

IF TODAY IS YOUR BIRTHDAY

There will be a change of emphasis in your affairs this year as you switch from putting work and ambitions ahead of everything else and focus more on family life and personal issues. Your heart matters more than your status or your bank balance.

ARIES (March 21 - April 20):

Mercury in your sign makes it easy for you to win any kind of debate or argument. Use that ability to persuade people that you alone know what is going on in the world. They will be amazed at how clued in to events you appear to be.

TAURUS (April 21 - May 21):

The only danger now is that you may be expecting too much of yourself. The sun in your sign makes so much possible but that does no mean you should try to do everything. Pace yourself sensibly and, above all, know your limits.

GEMINI (May 22 - June 21):

Some people may be difficult to trust but if you want to get things done between now and the weekend you must put your doubts on hold and allow them to assist you. Chances are you will be pleasantly surprised by the honesty of their efforts.

CANCER (June 22 - July 23):

You know what you want and you know how to get it but try not to be too pushy today because that could cause problems further down the line. You don’t have to be in a state of conflict all the time. Try some co-operation for a change.

LEO (July 24 - Aug. 23):

Plans you had to put on hold a while back can now be restarted. One particular project has the potential to make you some serious money, so focus on that and refuse to give up on it again. Your luck is about to turn in a more positive direction.

VIRGO (Aug. 24 - Sept. 23):

If there is something of a material nature that you desire then go for it today while the cosmic omens are favourable for business and financial matters. It’s not immoral to want to profit from your talents – in fact it would be more immoral not to.

LIBRA (Sept. 24 - Oct. 23):

If you interact with someone you don’t usually get along with today you may find you have more in common than you expected. Not only that but they could be in a position to help you take care of a problem you cannot resolve on your own.

SCORPIO (Oct. 24 - Nov. 22):

Make the phrase “work smarter, not harder” your inspiration today. According to the planets you have reached the point where the more effort you put into what you are working on the less you get back, so take the hint and ease off a bit.

SAGITTARIUS (Nov. 23 - Dec. 21):

You rarely find it hard to express yourself and with communications planet Mercury moving through the most dynamic area of your chart the right words will come at just the right time. Don’t say too much though – some things are best kept to yourself.

CAPRICORN (Dec. 22 - Jan. 20):

If you are less than happy with what has been taking place in your home life then speak up and let loved ones know about it. Most likely they too have their issues but unless you discuss them you won’t be able to resolve anything.

AQUARIUS (Jan. 21 - Feb. 19):

Your mind may be full of great ideas, any number of which can make your fortune, but for the time being you would be wise not to make any of them public. If you share what you know it could be your rivals who benefit the most.

PISCES (Feb. 20 - Mar. 20):

If it’s true that no news is good news then this should be a great day as there does not seem to be much going on. Use this short period of calm to get your head together for the challenges that are sure to arrive over the weekend.

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