The news is crossing the wires via Bloomberg that Canadian Prime Minister Justin Trudeau’s ruling Liberal Party is on track to lose roughly half a dozen seats in Atlantic Canada, as expected. The Liberals have won in 24 of 32 districts, according to preliminary results from Elections Canada and the Canadian Broadcasting Corp. The Conservatives are ahead in six districts while the New Democrats are leading in one. Canada could be facing a minority government, as no party looks poised to win 170 districts required for a majority, as per recent polls. The winner, therefore, will likely require the support of other parties to pass laws. As the incumbent, Trudeau has the right to continue to govern and test parliament for support, even if he wins fewer districts than Scheer, according to a Bloomberg report. The USD/CAD pair is currently trading at three-month lows below1.3080. A liberal government supported by the anti-pipeline New Democratic Party could be bad news for Canada’s energy sector. That said, historical data indicates the election results do not have a big impact on the underlying trend in the CAD. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canadian election results trickling in: Liberals are in the lead in Eastern Canada FX Street 3 years The news is crossing the wires via Bloomberg that Canadian Prime Minister Justin Trudeau's ruling Liberal Party is on track to lose roughly half a dozen seats in Atlantic Canada, as expected. The Liberals have won in 24 of 32 districts, according to preliminary results from Elections Canada and the Canadian Broadcasting Corp. The Conservatives are ahead in six districts while the New Democrats are leading in one. Canada could be facing a minority government, as no party looks poised to win 170 districts required for a majority, as per recent polls. The winner, therefore, will likely… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
