Canadian PM Carney declares victory in election

Source 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.”

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.

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