Canadian Prime Minister Justin Trudeau's Liberals will form a minority government, according to CBC News' latest projection.
The Liberals will be able to get to the 170 seats needed only with the help of the anti-pipeline New Democratic Party (NDP), according to former Vancouver chief planner Brent Toderian.
So far, the news has failed to move the needle on the USD/CAD pair, which is currently trading at 1.3080.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD: There is room for further losses near term
AUD/USD resumed its weekly retracement and slipped back below the 0.6900 support to print multi-day lows against the backdrop of the intense move higher in the US Dollar on Thursday.
USD/JPY climbs above 147.00 as bulls target Kumo
The USD/JPY edges higher on Thursday, climbs above 147.00 for the first time since September. The financial markets narrative hasn’t changed, as traders hear war drums beating, as the Middle East conflict escalates, triggering a flow to haven currencies, boosting the Greenback.
Gold price rebounds to $2,650 as Middle East conflict escalates
Gold price recovers in the mid-North American session on Thursday after hitting a daily low of $2,638. The golden metal rose on rising fears over the Israel–Iran conflict along with a stronger US Dollar. In addition, bets that the Federal Reserve will ease policy aggressively faded and boosted US yields.
Ethereum investors brace for heightened volatility as US election approaches
Ethereum is down over 4% on Thursday as traders expect high volatility with the US elections approaching. The election results could spark a massive price movement in ETH due to regulatory hurdles the DeFi ecosystem has yet to overcome.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.