What will the U.S. election mean for Canada? AIMCo's chief economist offers thoughts
While many viewers will be laser-focused on the results in the U.S. presidential election, economist Jean David Tremblay-Frenette takes a broader view.
"It's one thing to be president, but it's another thing to be able to implement our policy agenda, and that goes through who wins in the Congress," said Tremblay-Frenette, the chief economist at AIMCo, the Alberta Investment Management Corporation.
Tremblay-Frenette says if the Democrats or Republicans capture the White House but fail to seize control of Congress, there could be political gridlock.
"None of the political extremes that we would have seen—at least to the taste of some of the observers—on the campaign trail would actually get implemented," Tremblay-Frenette told CTV News.
Tremblay-Frenette says if Trump wins, there could be punishing tariffs on Canada, despite our involvement in the USMCA trade agreement.
That agreement, no matter who wins the election, is due for re-negotiation in 2026.
"Our trading partner south of the border remains absolutely key to economic outcomes here in Alberta and across Canada, and it will be the case for decades to come, quite frankly," Tremblay-Frenette said.
CTVNews.ca Top Stories
5 rescued after avalanche triggered north of Whistler, B.C. RCMP say
Emergency crews and heli-skiing staff helped rescue five people who were caught up in a backcountry avalanche north of Whistler, B.C., on Monday morning.
Quebec fugitive killed in Mexican resort town, RCMP say
RCMP are confirming that a fugitive, Mathieu Belanger, wanted by Quebec provincial police has died in Mexico, in what local media are calling a murder.
Bill Clinton hospitalized with a fever but in good spirits, spokesperson says
Former President Bill Clinton was admitted Monday to Georgetown University Medical Center in Washington after developing a fever.
Trump again calls to buy Greenland after eyeing Canada and the Panama Canal
First it was Canada, then the Panama Canal. Now, Donald Trump again wants Greenland. The president-elect is renewing unsuccessful calls he made during his first term for the U.S. to buy Greenland from Denmark, adding to the list of allied countries with which he's picking fights even before taking office.
UN investigative team says Syria's new authorities 'very receptive' to probe of Assad war crimes
The U.N. organization assisting in investigating the most serious crimes in Syria said Monday the country’s new authorities were “very receptive” to its request for cooperation during a just-concluded visit to Damascus, and it is preparing to deploy.
Pioneering Métis human rights advocate Muriel Stanley Venne dies at 87
Muriel Stanley Venne, a trail-blazing Métis woman known for her Indigenous rights advocacy, has died at 87.
King Charles ends royal warrants for Ben & Jerry's owner Unilever and Cadbury chocolatiers
King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names.
Man faces murder charges in death of woman who was lit on fire in New York City subway
A man is facing murder charges in New York City for allegedly setting a woman on fire inside a subway train and then watching her die after she was engulfed in flames, police said Monday.
Canada regulator sues Rogers for alleged misleading claims about data offering
Canada's antitrust regulator said on Monday it was suing Rogers Communications Inc, for allegedly misleading consumers about offering unlimited data under some phone plans.