Help clients prepare for U.S. election fallout

By Staff | October 26, 2016 | Last updated on October 26, 2016
3 min read

The end to U.S. election season is finally in sight. On November 8, the insult hurling, glad handing, policy selling and whistle-stop campaigning will come to an end (or at least pause) as voters south of the border head to the polls.

Canadians know better than to think that just because we don’t have a say, that the outcome won’t impact our lives. And for some Canadians, or U.S. citizens living in Canada, that impact can be a big one.

We’ve rounded up all our coverage on the U.S. election so you can help cross-border clients of all kinds understand what’s in store for them no matter who is elected.

How the U.S. election will impact currencies

As the U.S. election campaign comes to a close, keep an eye on currency markets—the outcome of the race could impact the U.S. dollar and marketplace, along with other global currencies, says Luc de la Durantaye, first vice-president of global asset allocation and currency management at CIBC Asset Management.

U.S. election overshadowing real market risk

As the U.S. election looms, there’s another, larger factor poised to affect the economy, says Ignacio Sosa, director of the product solutions group at DoubleLine Capital in Los Angeles. But are markets ignoring it? Advisor’s Jessica Bruno reports.

How Canadian stocks would react to Clinton, Trump

“Elections come and go fairly quickly. It’s the profit cycle that has historically been the more important determinant of stock market returns,” says Stephen Carlin, head of equities and managing director at CIBC Asset Management. Nonetheless, certain sectors will likely decline or rise after November 8. Advisor’s Melissa Shin reports.

How to manage risk before U.S. election day

This portfolio manager is taking a defensive position in the lead up to the election, building up cash, holding more gold and under-weighting stocks. Advisor’s Katie Keir reports.

Crossing the border could be harder under Trump asked two Canada-U.S. immigration lawyers to explain how the U.S. election could affect clients who are snowbirds, travel regularly to the U.S. or work in the U.S. Advisor’s Melissa Shin reports.

Clinton’s capital gains reform has cross-border costs

It could get more expensive to own U.S. investments or homes if Hillary Clinton is elected president. Her plan would raise capital gains taxes for your wealthiest cross-border clients on property held between one and six years. Advisor’s Jessica Bruno reports.

Loonie expected to decline on U.S. election, no matter the winner

Expect the U.S. dollar to make significant gains, and the loonie to fall, if Donald Trump defies the odds and becomes president. And if Hillary Clinton wins? The U.S. dollar would also rise, though for different reasons, market strategists say. Advisor’s Simon Doyle reports.

Expect U.S. estate tax changes no matter who’s elected

Democratic Party candidate Hillary Clinton would re-set U.S. estate tax rules to 2009 levels – meaning estates will be subject to the tax if their worldwide values exceed US$3.5 million. That’s more than US$2 million lower than the current threshold of US$5.45 million. Advisor’s Jessica Bruno reports. staff


The staff of have been covering news for financial advisors since 1998.