INSTANT VIEW-Justin Trudeau projected to form Canada's next government-CBC News

Justin Trudeau called his campaign to get a majority. Most pollsters would have said a month before this campaign started that Justin Trudeau was on his way to majority...


Reuters | Updated: 21-09-2021 08:22 IST | Created: 21-09-2021 08:22 IST
INSTANT VIEW-Justin Trudeau projected to form Canada's next government-CBC News

Canada's ruling Liberal Party led by Prime Minister Justin Trudeau is set to for the next government, CBC News projected on Monday, after a tight election race.

Elections Canada showed the Liberals leading in 146 electoral districts with only a small fraction of votes counted. STORY:

MARKET REACTION: CAD/ COMMENTARY

WILL STEWART, NATIONAL LEAD, HILL+KNOWLTON STRATEGIES AND CONSERVATIVE COMMENTATOR "I think it was to be expected. In the last couple weeks public opinion polls certainly turned in this direction. Justin Trudeau called his campaign to get a majority. I don't think he's going to get there, which then takes us right back to where we were sort of six weeks ago. Why did we have this election in the first place as we return to exactly the same, House of Commons we had when we left?"

"(The Conservatives) ran a fantastic campaign. Most pollsters would have said a month before this campaign started that Justin Trudeau was on his way to majority... (Leader Erin O'Toole) ran a great positive campaign filled with new ideas, new approaches to solve some of Canada's difficulties." "Campaign results obviously are not what people wanted - or what Conservatives wanted anyway - but he ran a great campaign."

KARL SCHAMOTTA, CHIEF MARKET STRATEGIST, CAMBRIDGE GLOBAL PAYMENTS "This does look like a decisive win for the Liberals that essentially preserves the status quo and ensures that the fiscal spending plans that have supported the economy for the last year and half are likely to continue and continue to support growth."

"The more supportive fiscal policy is, the more likely the Bank (of Canada) is able to move from tapering to rate hikes in the next year and a half, and certainly that is going to support the Canadian dollar."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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