Canada is no different than other advanced economies; every time that there is a national vote it brings uncertainty. What is different is that this is not a national election but only a state election. If it wasn't for oil this election wouldn't have any effect on the CAD since oil is one of the major export of Canada. I bet that the United Conservative Party will win the election because they made the most promises to the electorate although it's very unlikely that the promises will be kept. As usual people are easily deceived to believe the promises of politicians but this is the way democracy works at election time.
CAD Suffers As Alberta Election Creates Unprecedented Political Risk
The Canadian Dollar fell against all of its major counterparts as markets eyed a provincial election in Alberta, Canada. As the campaign draws its last breath, the Canadian Dollar has become more jittery amid uncertainty over which candidate will triumph. The two rivals are Rachel Notley, current Premier of Alberta and head of the New Democratic Party (NDP) and Jason Kenney from the United Conservative Party (UCP). The Canadian Dollar is sensitive to political developments in this election because Alberta is the heart of the oil industry in Canada. Therefore, whichever candidate emerges as the victor will have a significant impact on ... (full story)
- Posted: Apr 15, 2019 1:41am
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 1,336