With every U.S. presidential election, we are reminded that America is this Canada’s biggest trading partner. We have a stake in the outcome of this election, too. Trump has called for a minimum tariff on all imports into the U.S. Global’s Dawna Friesen spoke to Kirsten Hillman, Canada’s ambassador to the U.S., about the impact this policy could have.
Boeing was edging up by 0.1% after its factory workers who had been on strike voted to accept the aerospace giant’s latest contract offer. The ratification clears the way for Boeing to restart Pacific Northwest assembly lines that the walkout idled for 53 days and resume production of its bestselling airliner.They helped offset a 5.2% drop for Wynn Resorts after the casino operator’s results for the latest quarter fell short of analysts’ forecasts.
The S&P 500 has risen in 73% of the years where a Democrat was president and 70% of the years when a Republican was the nation’s chief executive, from 1945 through late last month, according to Sam Stovall, chief investment strategist at CFRA.The U.S. stock market has tended to rise more in magnitude when Democrats have been president, in part because a loss under George W. Bush’s term hurt the Republican’s average.
The general hope among investors is often for split control of the U.S. government because that’s more likely to keep the status quo and avoid big changes that could drive the nation’s debt much, much higher.
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