Prime Minister Justin Trudeau announced Canada’s federal election

News
  • Trudeau announced Canada’s federal election today where he will be seeking to win a ­second term.
  • Concerns over affordability, health care, climate change and ethics are at the fore.

Prime Minister Justin Trudeau announced Canada’s federal election today where he will be seeking to win a ­second term in the face of an ethics scandal that has turned what was once expected to be a cakewalk for the telegenic Liberal leader into a tougher-than-expected slog.

Trudea has asked Governor General Julie Payette, Queen Elizabeth II’s representative in Canada, to dissolve the country’s Parliament on Wednesday — the step that launches the formal campaign.

The Liberals this year have fallen back into a close race with Andrew Scheer’s opposition Conservative Party and face an uphill battle to hold on to their parliamentary majority. In Canada, minority governments rarely last longer than 18 months.

Concerns over affordability, health care, climate change and ethics are at the fore, Trudeau said his government has “spent the last four years making things better” and has “the record to prove it.”

FX implications: 

CAD is lower on the news as the uncertainty concerns investors. 

 

Products You May Like

Articles You May Like

European open – Earnings, China, UK, gold, oil
US Senate votes 89-10 to approve USMCA – Reuters
My Divergence Trading Strategy Explained (LIVE Forex Trade)
The Week Ahead – BOJ, BOC, and ECB to keep rates on hold as markets focus on global PMI readings and earnings
Wall Street expects gains for Alphabet and the rest of the $1 trillion gang to slow from here

Leave a Reply

Your email address will not be published. Required fields are marked *