Potential impacts of the U.S. election on the Canadian equity market
LC: There are fairly diverse policies. In particular, the energy policy of Trump versus Harris. As we know, Trump will increase domestic drilling and reduce the investments in green energy, whereas Harris has made it very clear she wants to continue to focus on investing in clean energy sources. We also see differences on corporate tax. Trump plans to cut corporate tax to 15%, whereas Harris is looking to raise it to 28%. Tariffs have been extremely topical and, as we know, it was an important part of Trump’s 2016 presidential term. And he has indicated he wants to continue along those lines and that certainly has implications on the broader economic environment. In terms of the outcome for a Trump presidency, it will be, in our view, inflationary in nature. A Trump presidency would be bad for oil prices. He has communicated a desire to create a…
