How will the outcome of the U.S. election affect financial markets? + MORE Nov 1st

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Apple, Nvidia growth—no cap

Depending on the day you ask, it’s either Apple or Nvidia as the answer to the classic question: “What is the most valuable company in the world?” Both are worth somewhere around $3.5 trillion. (All figures in this section are in American currency.) 

To put that in perspective, each company is worth more than the entire Canadian stock market. Add up all of our banks, railways, energy companies, telecoms, REITs (real estate investment trusts), pipelines, grocery stores, insurance companies, utilities, gold miners and anything else you can find, but Apple or Nvidia are each worth more than the totality of companies listed on the Toronto Stock Exchange.

So, when either reports earnings, it’s a big deal. 

Big tech earnings highlights
Here are what the tech companies shared this week…

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How will the outcome of the U.S. election affect financial markets?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. 

But macroeconomic factors like interest rate cuts and geopolitical tensions will be far bigger influences on markets in the coming year than the outcome of the election, they say. 

“What we really look at … is looking at which candidate can play a more critical role in shaping economic growth,” said Brianne Gardner, senior wealth manager of Velocity Investment Partners at Raymond James Ltd. 

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