Protectionism has negative implications for output, employment and inflation
Risk of a trade war, inflation, higher interest rates accompanies U.S. vote
Fiscal, monetary policy tends to ease, uncertainty rises in election years
The Liberals’ campaign promise to implement a surtax on financial institutions that profited during the pandemic was listed as a priority for both parties
Extended paid sick leave and housing affordability are among early priorities for the new government
Trudeau will reconvene Parliament by the end of the fall
Analysts say companies would find ways to mitigate the effects
"Sound management of economic policy is expected to continue," the rating agency said
Clients' concerns range from broad social and fiscal spending to potential tax changes
Advisors will be watching for taxes targeting high earners, capital gains and wealth inequality