Policy uncertainty remains leading into fiscal cliff discussions
Spending cuts and tax increases totaling US$700 billion are set to take effect in January
Bernanke cites concerns about high U.S. unemployment levels, weak economic recovery
Outlook still negative
Some Canadian advisors will have to register in the U.S. for the first time
U.S. rule could adversely affect Canadian financial institutions, conflict with regulation
Settlement reduces the likelihood of more costly litigation
Intergovernmental approach to implementation shows that the U.S. government is listening, IIAC says
Sanctions levied in mortgage settlement
Kate Warne, Canadian market strategist for Edward Jones, says historically U.S. stocks tend to rise in presidential election years. She discusses how advisors can help clients take advantage of the attractive valuations and favorable outlook for the U.S. market. She spoke at the TMX Broadcast Centre in Toronto.