Canada Election Points to Rocky Path for Currency, Stock Markets
- Canadians head to polls Oct. 19 with 3 parties vying for power
- Unclear election outcomes add to struggles for S&P/TSX, loonie
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Canada’s election introduces a wild card to volatile currency and equity markets as voters head to the polls Monday in a tight three-way race with little chance of a clear winner.
Incumbent Conservative Prime Minister Stephen Harper enters the final weekend with his decade-long reign at risk, trailing the Liberal Party led by Justin Trudeau. The latest polls suggest Trudeau is poised to win the most seats in Canada’s Parliament, while falling short of the 170 required for a majority. New Democrat Thomas Mulcair remains in the mix, leading to potentially fraught negotiations to form a minority government through alliance.