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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 29, 2024


 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Group activities of all kinds will go well over the coming 12 months and it is also possible that someone who starts out as a friend could become a very special person in your life. Can business and pleasure be combined? They can if you work at it.

ARIES (March 21 - April 20):

Let employers and senior colleagues know what you think of them today, even if your words are less than flattering. If you are really smart you will find ways to make your criticisms sound like praise. They’ll get the message without getting upset.

TAURUS (April 21 - May 21):

You will go too far and say too much over the next 24 hours. In a way though that’s good because this is one of those times when total honesty is needed both at home and at work. Others will admire you for being true to your nature.

GEMINI (May 22 - June 21):

This may not be the best of days to make important decisions, especially if other people have the power to hold you back from pursuing your goals. Do you have to push ahead at top speed right this very moment? No you do not, so slow down.

CANCER (June 22 - July 23):

There are only so many hours in a day and not even a Cancer can add on extra minutes. Once you have accepted that fact you will find ways to cut back on existing commitments so you can make time for the new things coming into your life.

LEO (July 24 - Aug. 23):

If you need to point out to a colleague where they have been going wrong, make sure you do so in the gentlest of ways. Just because it may be easy to poke fun at them does not mean you should do so. They will appreciate your discretion.

VIRGO (Aug. 24 - Sept. 23):

There may be many serious things going on in your life but they are not so serious that you have to approach each and every one of them as a matter of life and death. If you are finding it hard to smile then you are doing it wrong!

LIBRA (Sept. 24 - Oct. 23):

Someone who appears to be on your side is actually quite envious of your success and will do their utmost to undermine your authority if they get the chance. Keep your guard up today and be especially wary of people who flatter you for no good reason.

SCORPIO (Oct. 24 - Nov. 22):

Something has put your mind in a spin and you can’t seem to decide which way is up and which way is down. If you make a wrong call today don’t compound the error by refusing to recognize it. Put it right the first chance you get.

SAGITTARIUS (Nov. 23 - Dec. 21):

You must not try to appease someone who is giving you a hard time. Once you offer them an inch they will grab it and then try to turn it into a mile. Say “No” right from the start and make sure they know that you mean it.

CAPRICORN (Dec. 22 - Jan. 20):

If you get the impression that a colleague does not know what they are talking about then you must call their bluff. Just because they sound like an expert does not make them an expert, so check every word that comes out of their mouth.

AQUARIUS (Jan. 21 - Feb. 19):

Hopefully you are a glass half full rather than a glass half empty person, but if not there are ways to improve your outlook. One is by choosing to believe that every event is part of the cosmic master plan. Someone, somewhere has their hands on the controls.

PISCES (Feb. 20 - Mar. 20):

The people you are currently dealing with may be as different to you as chalk is to cheese but you are motivated and excited by the same ambitions and that’s all that matters. Focus on the goals you share and ignore their personality traits.


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