The Canadian dollar (CAD) is practically unchanged in the session while the country goes to the polls. The results of the federal elections of today will begin to leak between 7-7.30et for the Atlantic provinces when the polls close, and then they will leave the rich in Quebec and Ontario votes after 9.30et (when the Center of Canada also reports), says Shaun Osborne, head of FX Strategy of Scotiabak.
CAD is quoted flat on the day
“There are 200 seats at stake in these two provinces and their results will most likely give a strong indication of where the country votes. The vote in BC and Yukón ends at 10et. The electoral race seems Prices are not especially high.
“The greatest risk is that the result delivers a narrow minority government, which can lead to the perception that Canada’s negotiation power with the US is somewhat committed. In general.
“The daily graphics reflected a couple of potentially bullish signals for the USD last week: a sign of ‘hammer’ alcist on Monday and a firm offer for the USD from the minimum intradic on Wednesday. But there has not been an obvious sign of an increase in the demand of the USD. 1,3950/55 and 1,4025/30.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
