The BMO Financial group weighed into the impact next month’s vote stateside will have on the Canadian economy.

BMO’s Chief Investment Officer, Fundamental Equities, BMO asset Management says when your attached at the hip your have a vested interest in the outcome.

Paul Taylor says the current U.S. fiscal plan is not sustainable and who ever wins come November 6th, they will need to bring forward a plan to aggressively cut spending while ramping up revenue, likely in the form of higher taxes.

Taylor hopes the new fiscal blueprint will help America post economic growth of about 2 per cent a year, because if it’s only running at 1.5 per cent or less, our neighbours to the south could slide back into recession.

Chief Investment Officer, Jack Ablin who is based in Chicago for BMO , also predicts the Keystone XL pipeline from Alberta to the U.S. Gulf coast will get the green light now matter who wins the election.

However, Ablin says President Obama might want to see the pipeline travel from the west to the east to compete with higher priced Brent crude imports.

The two men agree Canada has a lot riding on the outcome of the November vote, because the U.S. is our number one trading partner.