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Jakobsen: How I am trading the Canadian call for change
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The outcome of the Canadian elections should make politicians and pollster around the world sit up and listen, says Saxo Bank’s Chief Economist Steen Jakobsen. He explains why he thinks the Liberal Party’s landslide victory is very interesting and outlines the trading opportunities arising from the Canadian electorate’s call for change.
Justin Trudeau and his Liberal Party won 54% of the votes in the election on Monday October 19, ousting Prime Minister Stephen Harper and the governing Conservative Party.
Trudeau, the son of a former prime minister, has promised to increase public spending invest in infrastructure and help boost economic growth. He has also pledged to raise taxes on high-income Canadians and reduce them for the middle class.