US Election: Economic impacts of a Biden administration

Joe Biden was introduced as the President-Elect of the United States this past weekend after major media outlets, as is customary, called the election in his favour. Unsurprisingly, President Trump has failed to concede to date and has continued to push his team to pursue legal action in the hopes of overturning the results, with the general consensus that these efforts will be in vain. The markets agreed, pushing forward as a Biden presidency became more likely, and then on Monday morning, they moved strongly on the news that Pfizer is showing promising results for its COVID-19 vaccine. In this episode of Market Points, Jean-François Perrault, Senior Vice-President and Chief Economist at Scotiabank, discusses his perspective on the economic impacts of a Biden administration.