There is one Canadian election outcome that could hurt the loonie … and here it comes


content provided with permission by FXStreetRead full post at forexlive.com

Adam posted this prior to the election, and it looks like its coming to fruition:

  • The outcome I believe that could offer some downside in the loonie (in the 50-120 pip range) is a Liberal minority held up by the NDP. That would essentially extend the current status quo and leaves the Liberals at the mercy of the left-leaning NDP.

Link here for more:

CAD sliding further:

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a Reply

Your email address will not be published. Required fields are marked *