Liberals win in Canada

marketsforu

Canadians voted for a sharp change in their government Monday, returning a legendary name for liberals, Trudeau, to the prime minister’s office and resoundingly ending Conservative Stephen Harper’s near-decade in office.


Justin Trudeau, the son of late Prime Minister Pierre Trudeau, became Canada’s new prime minister after his Liberal Party won a majority of Parliament’s 338 seats. Trudeau’s Liberals had been favored to win the most seats, but few expected the final margin of victory.


Harper, one of the longest-serving Western leaders, stepped down as the head of Conservatives, the party said in a statement issued as the scope of the loss became apparent.
Canadian dollar lost after results of the election were published. Currently it’s one of the weakest currencies on the FX-market.