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CAD Suffers As Alberta Election Creates Unprecedented Political Risk

From dailyfx.com

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 ... (full story)

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  • Category: Fundamental Analysis