What’s the economic impact of US elections on Canada?
With Americans headed to the ballots, their neighbours to the North will be watching the results since they know the impact of U.S. elections on Canada is well documented. But what specifically might affect the Canadian economy this year, if Trump or Harris wins? Recently, Matt Altro, our President & CEO, spoke with Financial Pipeline to get his take on the complexities the US election has on cross border planning.
You can see part of Matt’s answers in the excerpt below, or you can click here to view it on the Financial Pipeline website.
What’s the economic impact of U.S. elections on Canada?
“Markets don’t like uncertainty,” says Altro. “I think ultimately everyone’s waiting to see what will happen with the election.”
Even though it’s not our election, Canadians are always transfixed on the results of the U.S. presidential elections. That’s because there’s often a direct impact of U.S. elections on Canada, and the policies set in the next four years not only affect the United States, but also the economy, trading relationship, markets and businesses to the North.
There’s a reason this quote by former Canadian Prime Minister Pierre Elliott Trudeau gets cited: “”Living next to you is in some ways like sleeping with an elephant. No matter how friendly and even-tempered is the beast, if I can call it that, one is affected by every twitch and grunt.”
The Financial Pipeline spoke to Matt Altro, the president & CEO of MCA Cross Border Advisors Inc.
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