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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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Reflecting on Progress: National Day for Truth and Reconciliation 2024

 


As Canada marks the fourth National Day for Truth and Reconciliation, Indigenous advocates and experts are urging Canadians to reflect on the journey towards reconciliation. Despite the progress made since the day was first recognized as a statutory holiday in 2021, many believe that the nation has not advanced as far as hoped.

On September 30, Canadians from coast to coast gather to honor the survivors of residential schools and remember those who never made it home. Events include pow-wows, ceremonies, and special services, with federal buildings like the Peace Tower illuminated in orange to symbolize the commitment to reconciliation.

However, Indigenous leaders emphasize that true reconciliation requires more than symbolic gestures. They call for concrete actions to address ongoing issues such as systemic racism, inadequate healthcare, and insufficient support for Indigenous communities. The Governor General of Canada, Mary Simon, highlighted the importance of collective responsibility in her message, urging Canadians to educate themselves and actively participate in the reconciliation process.

While the day serves as a reminder of the resilience of survivors and the importance of their stories, it also underscores the significant work that remains. Advocates stress that reconciliation is a continuous journey, requiring sustained effort and genuine commitment from all Canadians.

By reflecting on the past and acknowledging the present challenges, Canadians can contribute to a future where reconciliation is not just an aspiration but a reality.


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