Canadian Economics After The Midterm Elections

By Melissa MacKenzie
November 7, 2018 - 3:55pm Updated: November 7, 2018 - 5:38pm

PRINCE GEORGE — The polls for the US midterms closed last night with the Democrats winning a majority in the House of Representatives. While this will have some impacts on Canadian economics, Stan Mitchell from KPMG says that it's too early to tell what the impacts will be, as it's all dependent on which direction each congressperson sways.

"By default, if you could sway enough Democrats, and essentially sway the house, then the Republicans are probably going to have to listen unless there's a better deal to be cut."

Some of the more prominent areas that could be affected by these election results are the tariffs on steel, aluminum, the softwood lumber agreement and the USMCA trade agreement between the United States, Canada and Mexico.

 

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