Whichever candidate wins the U.S. president election next Tuesday, experts say investors will be relieved to shed some uncertainty over what kinds of policies to expect.
Rosa Saba, The Canadian PressKevin Headland, co-chief investment strategist of Manulife Investment Management, joins us and talks about the impact of the U.S. election on the S&P 500.
Democratic candidate Kamala Harris’s promises are focused on domestic competitiveness, particularly among renewables, semiconductors and infrastructure, Gardner said. However, Trump has also said he would broadly raise tariffs, including a proposed 60 per cent rate on goods from China and a tariff of up to 20 per cent on all other imports.While there is usually some market volatility leading up to the election, the result doesn’t look to spell disaster for investors either way, said Michael Currie, senior investment adviser at TD Wealth.
“If tariffs come in, they come in for everybody, so we’ll be in the same position that we’re in today,” he told investors on the call. Currie noted that the health-care sector usually does worse in U.S. election years, and that’s no exception this time around. Both parties like to say leading up to an election that they will fight big drug companies and insurance companies, but their promises are usually overhyped, he said.
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