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Trump's Win, TikTok Ban, and Canadian Business Updates
Analysis of the potential economic impacts of a second Trump presidency on Canada, along with updates on TikTok in Canada, AIMCo leadership changes, and TD Bank's precious metals business.
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Canada
PoliticsUs PoliticsTechnologyFinanceInternational TradeBusinessEconomics
Donald TrumpKamala HarrisTiktokAimcoTd Bank
Donald TrumpKamala HarrisFrançois-Philippe ChampagneEvan SiddallRay Gilmour
- How might a second Trump presidency affect the Canadian economy?
- A second Trump presidency could significantly impact Canada's economy, affecting areas such as migration, markets, energy, and taxation. Experts predict potential increased deal-making in Canada as a result of this.
- What significant changes occurred at Alberta Investment Management Corp. (AIMCo)?
- The Alberta government dismissed the CEO and entire board of AIMCo, its public-sector pension manager, and appointed a senior bureaucrat, Ray Gilmour, to take over. This is considered an extraordinary intervention in an organization with an independent mandate.
- What action did the Canadian government take regarding TikTok, and what was the response?
- The Canadian government ordered the shutdown of TikTok's Canadian operations due to national security concerns, but stopped short of banning the app for Canadian citizens. TikTok plans to challenge this decision in court.
- What is the current state of Canada's export dependence on the U.S., and what are the potential risks?
- Canada's export dependence on the U.S. has increased, making it vulnerable to potential tariffs imposed by a second Trump administration. Canadian exports to the U.S. saw a slight increase in September following a drop in August.
- What is TD Bank's involvement in the precious metals market, and what are some of the noteworthy items they sell?
- TD Bank's online store has become a major seller of precious metals, including unique themed coins, such as the Ghana Alien gold coin. While gold and silver are currently popular, the investment value of these specialized coins remains debatable.