Trump's election victory boosts U.S. stocks while Canadian markets falter
Donald Trump’s recent victory in the U.S. presidential election has led to significant movements in global financial markets. U.S. stocks surged, with the Dow Jones Industrial Average rising 3.6% to a record high, marking its best day in two years.
In contrast, Canadian stocks did not experience the same enthusiasm, reflecting concerns over potential trade wars due to Trump’s proposed tariffs on imports. European markets also reacted negatively, particularly Germany, which could face economic challenges from renewed U.S. trade policies.
Investors are closely watching the U.S. Federal Reserve, which is expected to cut interest rates again. Global markets showed mixed results, with European indexes generally up, while Japan's Nikkei fell slightly. The Canadian dollar traded at 71.98 U.S. cents.