Unaffected By Political Rifts
As of November 30, the Canadian Dollar stays unperturbed by political rifts says Dow Jones Newswire Column’s in the Yahoo Website.
"The long-anticipated fall of the Liberal government in Ottawa late Monday and what’s shaping up as an extraordinarily vituperative Christmas election campaign isn’t likely to derail the Canadian currency march toward new highs, which is being powered by superior economic fundamentals, inflows of foreign investment capital, and mounting Bank of Canada rate hike expectations," it said.
Despite the Canadian government’s forced dissolution due to a vote of non-confidence in the Prime Minister’s government, the Canadian dollar remains undisturbed along with the trading for it since it is continuously supported by the election outcome such as pledges from both the Liberals and the Conservatives to maintain balanced budgets and relative fiscal conservatism.
Canada will hold their election on January 23, 2006 ending the Prime Minister’s government’s inception last June 2004.
(Source: Canada Dollars Stays Unperturbed By Politics, Yahoo Website)
"The long-anticipated fall of the Liberal government in Ottawa late Monday and what’s shaping up as an extraordinarily vituperative Christmas election campaign isn’t likely to derail the Canadian currency march toward new highs, which is being powered by superior economic fundamentals, inflows of foreign investment capital, and mounting Bank of Canada rate hike expectations," it said.
Despite the Canadian government’s forced dissolution due to a vote of non-confidence in the Prime Minister’s government, the Canadian dollar remains undisturbed along with the trading for it since it is continuously supported by the election outcome such as pledges from both the Liberals and the Conservatives to maintain balanced budgets and relative fiscal conservatism.
Canada will hold their election on January 23, 2006 ending the Prime Minister’s government’s inception last June 2004.
(Source: Canada Dollars Stays Unperturbed By Politics, Yahoo Website)
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