FXStreet (Bali) – Early results point to a strong lead by Liberals in Canada. However, according to Societe Generale, chances are that the impact on the CAD will be limited.
Key Quotes
“There is widespread expectation that the Liberal Party will win the largest number of parliamentary seats in the election, but an outright majority is uncertain.”
“The impact on the currency is likely to be limited unless the governing Conservatives manage to retain a plurality of seats, and try to hang on to power.”
“This scenario could be damaging for CAD as the opposition Liberals and NDP have vowed to bring down a minority Conservative government.”
(Market News Provided by FXstreet)