Instant View: Conservatives romp to big Canadian election win

Tue May 3, 2011 12:53am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO (Reuters) - Canada's ruling Conservatives were heading for a crushing victory in Monday's federal election, as the left-wing vote split between two parties and the separatist Bloc Quebecois faded to almost nothing.

COMMENTARY:

MITUL KOTECHA, HEAD OF GLOBAL FX STRATEGY, CREDIT AGRICOLE, HONG KONG

"On the margin, it's obviously positive for the loonie. There has been a bit of a relief that firstly there is a continuance of government and secondly the ruling party seems to be more business friendly. Sometimes change in itself can lead to more uncertainty and that probably would have been more negative."

YOUSSEF ZOHNY, PORTFOLIO MANAGER AT VAN ARBOR ASSET MANAGEMENT IN VANCOUVER

"The way everything played out, I think it's a good news story."

"In terms of investing, it's going to reinforce quite a bit of stability and confidence and Canada is going to continue to be very attractive for foreign investors. We saw the TSX underperform a lot of markets last month and I think it had a lot to do with uncertainty and the cloud of potential instability with this election. But with a Conservative majority I think that cloud is going to dissipate a bit and you may see some investment flows back into Canada."

"This is probably the most bullish scenario for Canadian equities and I think Canadian investments in general. With a Conservative majority, you're essentially assured a fairly business-friendly platform, low taxes, continued investment in energy and potential future energy projects. In terms of investment it's definitely got a bullish bias."

DAVID COLLYER, PRESIDENT OF THE CANADIAN ASSOCIATION OF PETROLEUM PRODUCERS   Continued...