As the polls closed in Canada, the first results showed that the Liberal Party in power won the federal elections, according to CBC News.
Mark Carney will keep his position as prime minister, projected CBC News, noting that it is still too early to know if he has achieved a majority or minority government.
The liberals represented more than 50% of the votes, followed by the Conservative Party, with a vote participation of 38.6%,
A party needs to win 172 seats to form a majority government.
Market reaction
At the time of writing, the USD/CAD has dropped 0.08% in the day, losing ground to about 1,3820, with the Canadian dollar (CAD) obtaining some support of the electoral result.
Canadian dollar today
The lower table shows the change percentage of the Canadian dollar (CAD) compared to the main currencies today. Canadian dollar was the strongest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.16% | 0.08% | 0.18% | -0.09% | -0.09% | 0.03% | 0.32% | |
| EUR | -0.16% | -0.05% | 0.05% | -0.23% | -0.22% | -0.12% | 0.18% | |
| GBP | -0.08% | 0.05% | 0.10% | -0.18% | -0.16% | -0.06% | 0.23% | |
| JPY | -0.18% | -0.05% | -0.10% | -0.29% | -0.27% | -0.22% | 0.14% | |
| CAD | 0.09% | 0.23% | 0.18% | 0.29% | 0.00% | 0.13% | 0.41% | |
| Aud | 0.09% | 0.22% | 0.16% | 0.27% | -0.01% | 0.12% | 0.40% | |
| NZD | -0.03% | 0.12% | 0.06% | 0.22% | -0.13% | -0.12% | 0.28% | |
| CHF | -0.32% | -0.18% | -0.23% | -0.14% | -0.41% | -0.40% | -0.28% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Canadian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the CAD (base)/USD (quotation).
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.
