Select Language

Canadian Liberals likely to win the election - Commerzbank

Breaking news

Canadian Liberals likely to win the election - Commerzbank

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.04.29 18:03
Canadian Liberals likely to win the election - Commerzbank

update 2025.04.29 18:03

Based on the latest polls, it should no longer be too surprising that the Canadian Liberals appear to have won the recent election, Commerzbank's FX analyst Michael Pfister notes.

Slight weakness in the Canadian Dollar this morning is likely

"However, the election victory was quite narrow; currently, all indications point to the Liberals, with 155 seats, only narrowly ahead of the Conservatives with 150 seats, meaning both parties fell short of the 172 seats needed for an absolute majority. The slight weakness in the Canadian Dollar this morning is therefore likely due to the fact that the Liberals now need support from smaller parties to push their agenda through Parliament."

"The most exciting part of the coming months will be how to tackle Canada's major problems. Will the new Canadian Prime Minister-designate, Mark Carney, manage to work out a new trade deal with Donald Trump? And how will he address the underlying productivity problem of the Canadian real economy?"

"The answers to these questions are likely to be crucial for the Canadian Dollar in the coming months. But first, the Liberals can be happy about their astonishing election victory, which was not expected at the beginning of February."


Date

Created

 : 2025.04.29

Update

Last updated

 : 2025.04.29

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Japan's Akazawa: Assessing impact of recent changes to US auto tariffs

Japanese Economy Minister Ryosei Akazawa said on Wednesday that they are "assessing impact of recent changes to US auto tariffs."
New
update2025.04.30 10:26

PBOC sets USD/CNY reference rate at 7.2014 vs. 7.2029 previous

On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2014 as compared to the previous day's fix of 7.2029 and 7.2670 Reuters estimate.
New
update2025.04.30 10:15

GBP/USD holds positive ground above 1.3400, eyes on key US data releases 

The GBP/USD pair trades with mild gains near 1.3405 during the early Asian session on Wednesday. The weaker-than-expected US economic data drags the Greenback lower.
New
update2025.04.30 09:56

Gold Price Forecast: XAU/USD drifts lower to near $3,310 ahead of key US data releases 

The Gold price (XAU/USD) extends the decline to near $3,315 during the early Asian session on Wednesday. The precious metal edges lower amid easing trade tensions and better risk sentiment in global markets.
New
update2025.04.30 09:03

EUR/USD gathers strength to near 1.1400 ahead of German data, US PCE releases

The EUR/USD pair gains ground to near 1.1390 during the early Asian session on Wednesday. The US Dollar (USD) edges lower against the Euro (EUR) due to softer-than-expected US economic data.
New
update2025.04.30 08:10

Mexican Peso firms as softer US data boosts risk appetite

The Mexican Peso (MXN) appreciated against the US Dollar (USD) after touching a daily low of 19.65, as risk appetite improved following the release of softer-than-expected data. At the time of writing, USD/MXN trades at 19.56, down 0.12%.
New
update2025.04.30 07:25

USD/JPY edges higher as softer US data weighs on yields despite trade uncertainty

The USD/JPY pair is trading around the 142.00 handle during the North American session on Tuesday. The pair saw some upward movement as the US Dollar (USD) steadied following the release of softer-than-expected US JOLTS Job Openings data and a sharp drop in Consumer Confidence.
New
update2025.04.30 07:00

EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia

In the lead-up to Tuesday's Asian trading session, EUR/JPY has seen a minor decline, trading near the 162.00 mark. Despite a sell signal from one momentum indicator, the broader technical landscape suggests underlying bullish strength, supported by several key moving averages.
New
update2025.04.30 06:40

Australia CPI expected to show inflation eased further in Q1, backing case for more rate cuts

Australia will release multiple inflation figures on Wednesday and financial markets anticipate price pressures easing further at the beginning of 2025, paving the way for additional Reserve Bank of Australia (RBA) interest rate cuts.
New
update2025.04.30 06:30

AUD/NZD: Bearish signals emerge ahead of Asia open

The AUD/NZD has experienced some downward pressure, hovering near the 1.07 zone on Tuesday. Despite mixed signals from some momentum indicators, the longer-term technical picture appears to favor the bears, with several moving averages reinforcing this sentiment.
New
update2025.04.30 06:15

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel