Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Republican Donald Trump won the United States presidency in Tuesday’s election, defeating Democratic candidate Kamala Harris in both the electoral college and popular vote. Trump becomes the first person since the late 1800s to hold non-sequential presidential terms and the first convicted felon. Trump has threatened to place tariffs on a wide variety of imports, which Canada will be following closely as the nation’s largest trading partner.
- Republicans also retook control of the U.S. Senate, flipping several seats that were previously held by Democrats. With control of the Senate, Trump should have an easier time pushing through his agenda. Results for the lower House of Representatives were still undecided Wednesday morning.
- Hurricane Rafael was bearing down on Cuba as a Category 2 storm Wednesday morning, and could reach Category 3 or above at landfall, according to the U.S. National Hurricane Center.
