CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trudeau’s Liberals win elections with weakened mandate

05:58 22 October 2019

Summary:

  • The Liberals are likely to win federal elections with a weakened mandate though
  • A minority government is the most likely scenario for Trudeau who should maintain his Prime Minister post
  • The Canadian dollar has been little changed as such an outcome had largely been anticipated

Trudeau’s Liberal Party is expected to win the federal elections held on Monday in Canada, albeit the party will lose its majority. After counting more than 90% of votes, the Liberals are projected to gather as many as 156 seats in the House of Commons, down compared to 177 seats held in the current standing. At the same time, the Liberals’ largest rival the Conservatives are expected to boost its presence in the lower house with 122 seats, up from 95 seats currently. The third place should be for the Bloc Quebecois gathering 32 seats and the fourth place for New Democratic Party getting 24 seats.

This outcome seems to be largely in line with recent polls suggesting that neither the Liberals nor the Conservatives would be able to reach a majority (170 seats). It means that the Liberals will be forced to enter into a coalition with the pro-labour New Democratic Party being the most likely partner for Justin Trudeau. From an economic point of view no major changes in the current course in Canadian politics should be expected, the notion being widely shared by the FX market as the Canadian dollar remains remarkably muted this morning. Either way, a possible risk (because each election poses such a risk to some extent) for the Loonie has just been removed which could be slightly supportive of the CAD.

The Liberals are likely to win the federal elections in Canada with a lower number of seats in the lower house though. Source: macleans.ca

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back