Loonie Traders Paying Up for Insurance Ahead of Tight Election
- Cost for volatility insurance higher a week out than a month
- Latest polls show Liberals may oust Harper to form government
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Currency traders are starting to get nervous about Canada’s election next week.
They’re paying more for options contracts that protect against currency swings expiring next week -- the aftermath of Canada’s Oct. 19 vote -- than for similar contracts that expire in a month, data compiled by Bloomberg show.