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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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Canada Imposes Sanctions on Extremist Israeli Settlers in the West Bank

 

 In a significant move, Canada has imposed sanctions on individuals accused of engaging in violence against Palestinian civilians and their property in the West Bank. These are the first-ever sanctions targeting extremist Israeli settlers under the Special Economic Measures Act. The escalating violence by extremist settlers has undermined human rights, prospects for a two-state solution, and regional security. Since October 7, 2023, there have been at least 800 settler attacks against Palestinians, resulting in verbal or physical assaults, property damage, and forced displacement of communities.

The Sanctioned Individuals:

  1. David Chai Chasdai
  2. Yinon Levi
  3. Zvi Bar Yosef
  4. Moshe Sharvit

These individuals are now prohibited from dealings related to Canada and are rendered inadmissible under the Immigration and Refugee Protection Act. Canada remains committed to a comprehensive, just, and lasting peace in the Middle East, opposing the expansion of illegal settlements in the West Bank and East Jerusalem.

Foreign Affairs Minister Mélanie Joly emphasized that acts of extremist settler violence are unacceptable, and perpetrators will face consequences. The rise in violence poses significant risks to peace and security in the region, affecting families forced to leave their homes due to threats by extremist settlers.

Canada’s stance aligns with the Geneva Convention, which applies in the occupied territories and establishes Israel’s obligations as an occupying power regarding the humane treatment of inhabitants. While other countries like the U.S., U.K., and EU have also taken measures against violent Israeli settlers, Canada’s recent sanctions represent a crucial step in addressing this ongoing violence.

As the situation unfolds, Canada continues to advocate for a peaceful resolution and justice for affected communities in the West Bank.

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