Friday, March 25, 2011

Canadian Government Falls

The Canadian Conservative government was declared in contempt of Parliament and has been defeated by a non-confidence motion in the House of Commons.

Canadians will go to the polls for a federal election in early May.

All three of the opposition parties voted in favour of a motion focusing on a committee report that the Conservatives have acted in contempt of Parliament.

The vote passed 156 to 145, triggering the fifth election in just over 10 years, and eneding the current term, after 5 years of minority government.

Investors have nothing to fear, nothing will change in Canada.

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1 comment:

Deming said...

Lots of chatter on Financial Entertainment Tv that this may create an opportunity (for U.S. traders) to buy Canadian dollar on a dip.

No position. DOYDD.


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