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Canada: Minority Government with a win for the Liberals – TDS

Andrew Kelvin, chief Canada strategist at TD Securities, points out that in Canada, the Liberal Party won the most seats in Federal Election, defeating the opposition Conservative party by a healthier margin than expected.

Key Quotes

“Still, with the Liberals projected to win 156 seats, they will still fall short of the 170 seats needed for a majority.”

“PM Trudeau should maintain his position as Prime Minister, but going forward the Liberals will need the co-operation of at least one opposition party to pass legislation. We would be surprised to see a formal coalition, but the Liberals will presumably need to alter some aspects of their platform to accommodate other parties.”

“It is too early to know how minority status will impact the conduct of policy, but our (very early) expectation is that we could see a slightly more expansive increase in spending than the Liberals had initially planned.”

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