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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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How to Avoid Breaking the Bank This Holiday Season

The holiday season is a time of joy, celebration and generosity, but it can also be a time of stress, anxiety and debt. If you are worried about overspending and ruining your budget, here are some tips on how to avoid breaking the bank this holiday season.

1. Set a realistic budget and stick to it. Before you start shopping, make a list of all the expenses you expect to have, such as gifts, food, travel, decorations and entertainment. Then, allocate a specific amount of money for each category and track your spending as you go. Try not to use credit cards or loans to cover your expenses, as they will only increase your debt and interest payments.

2. Shop smart and compare prices. Don't buy the first thing you see or fall for impulse purchases. Do some research online and compare prices from different stores and websites. Look for discounts, coupons, sales and free shipping offers. You can also use apps and tools that help you find the best deals and save money.

3. Be creative and make your own gifts. Homemade gifts are not only cheaper, but also more personal and meaningful. You can use your skills and talents to create something unique and special for your loved ones, such as baked goods, crafts, art, jewelry, photos or videos. You can also offer your time and services as a gift, such as babysitting, cooking, cleaning or tutoring.

4. Plan ahead and avoid last-minute shopping. Last-minute shopping can lead to stress, panic and overspending. To avoid this, start planning and shopping early, preferably before December. This way, you will have more time to find the best deals, avoid crowds and shipping delays, and enjoy the holiday spirit.

5. Remember the true meaning of the holiday season. The holiday season is not about how much money you spend or how many gifts you give or receive. It is about spending quality time with your family and friends, expressing your gratitude and appreciation, and celebrating your traditions and values. Don't let the pressure of consumerism ruin your happiness and peace of mind.

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