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Sep 21 - 09:55 AM

CAD: Canadian Election: 'Out With The Old, In With The Old' - CIBC

By eFXdata  —  Sep 21 - 08:52 AM

CIBC Research discusses its reaction to the outcome of the Canadian Federal Elections.

"It's out with the old parliament, in with the old parliament, as Canada's federal election left the seat counts almost unchanged from where they were prior to the vote. While ballots are still be counted, the Liberals will remain in charge of a minority government, with the Conservatives, the official opposition. As before, on a bill opposed by the latter, the Liberals need either the support of the Bloc Quebecois or the NDP to assure its passage," CIBC notes.

 "We don't expect any notable reaction in the bond or FX markets," CIBC adds.

Source:
CIBC Research/Market Commentary

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