Trump Presidency Impacts Canadian Banks
This is a Canada news story, published by financialpost, that relates primarily to Harris news.
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Canadian banksfinancialpost
•Donald Trump win could be a boon for these Canadian banks
75% Informative
A second term for Donald Trump as president of the United States could potentially impact Canada ’s banking sector more than a win by Kamala Harris .
Bank of Montreal likely to benefit the most since it generates the highest proportion of earnings from the U.S. BMO had to keep significantly more money aside to cover potential losses on impaired loans.
Scotiabank may also influence Canada as it tries to fulfil its commitments to the 2017 Basel III reforms.
To offset the costs of her plan, Harris has proposed increasing taxes on corporations and high-income households.
Trump would impose new tariffs on imports, repeal spending, tax cuts and regulations for green energy and environment-related companies, and cut fraudulent spending.
Harris proposes increasing taxes and reducing prescription drug prices to offset her plan.
VR Score
83
Informative language
86
Neutral language
35
Article tone
semi-formal
Language
English
Language complexity
64
Offensive language
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Hate speech
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Attention-grabbing headline
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Time-value
short-lived
External references
8
Source diversity
5