INSTANT VIEW-Liberals projected to form Canada's next government -CBC TV

INSTANT VIEW-Liberals projected to form Canada's next government -CBC TV
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  • Country:
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Canada's Liberal Party is set to form a minority government after Monday's federal election, the Canadian Broadcasting Corp projected. That means Prime Minister Justin Trudeau will have to rely on support from other parties to govern. COMMENTS:

GREG TAYLOR, PORTFOLIO MANAGER AT PURPOSE INVESTMENTS

"Markets don't like uncertainty so it will all depend on what coalition they can come up with and how sustainable that will become."

"The energy stocks will be the most interesting to watch tomorrow and could be lower. The other fear was higher capital gains taxes and that is too soon to tell but would be a negative across all sectors." "The bigger problem is it seems that Canadians have never been more divided and the next government really needs to work to correct that. Alberta is at risk of a broader separatist movement and that would be a major negative for Canada."

"Overall this should be pretty much as expected and markets shouldn't move too much on it."

Also Read: UPDATE 6-Trudeau's Liberals to form Canadian minority government -CBC

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