Macdonald-Laurier Institute Senior Fellow Laura Dawson spoke to the Globe and Mail on what the results of the U.S. midterm election mean for the Canadian economy.
The Republicans took control of both the House of Representatives and the Senate in Tuesday’s elections, forcing President Barack Obama into a compromise position.
The results will have far-reaching implications for Canada, Dawson told the Globe.
Dawson said Tuesday’s result was a step towards approval of Keystone XL, a cross-border pipeline TransCanada Corp. has proposed.
“We seem to have cleared the major hurdles for getting a pipeline approved,” Dawson said.
It’s good news for Canadian trade interests as well.
“It’s a better environment for Canadian trade interests, but those interests have to mobilize friends and allies, who can then lean on their own constituents,” Dawson said.