Canadian PM Carney declares victory in election

Dhwani Mehta FXStreet

Canadian Prime Minister (PM) Mark Carney came out on the wires and declared a victory in the federal election on Tuesday.

Carney said that he “looks forward to working constructively with all parties across parliament.”

He further noted that he “will sit down with (US President Donald) Trump to discuss future economic and security ties between two sovereign nations.”

Market reaction

USD/CAD holds higher ground near 1.3870 following his comments, up 0.30% on the day. The pair sustains the rebound as the Canadian Dollar (CAD) remains under intense selling pressure on prospects of the ruling Liberal Party forming a minority government.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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