Positive outlook following Canada election

Liberals fail to reach majority

clock • 3 min read

Justin Trudeau’s Liberal Party called this election in an effort to win a majority government which they lost in the federal election held in October 2019.

Although the Liberals were leading in the polls throughout July and August, they fell short of a majority and will need to continue working with opposition parties to pass legislation. Trudeau's decision to call an election during a fourth wave of the Covid-19 pandemic was controversial and heavily scrutinised by his opponents. It is estimated that the election cost taxpayers over $600m, the most expensive in Canadian history by a significant margin. In addition, voter turnout rate was estimated to be 59%, well below the 67% rate in 2019 and 68% in 2015. Fewer polling stations, a condens...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Pictet AM launches AI-backed global equity fund

Pictet AM launches AI-backed global equity fund

Using AI for stock selection

clock 18 April 2024 • 1 min read
Robeco to launch equity and credit 'transition investing' funds

Robeco to launch equity and credit 'transition investing' funds

Emerging markets and Asia

clock 15 April 2024 • 2 min read
GB ISA panel: Success for UK equities will be in the details

GB ISA panel: Success for UK equities will be in the details

Video roundtable

Cristian Angeloni
clock 04 April 2024 • 1 min read
Trustpilot