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Home World Canada

FIRST READING: Analysts predict loonie to rally in case of Conservative win

25 April 2025
in Canada
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FIRST READING: Analysts predict loonie to rally in case of Conservative win
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According to a new report by Dutch financial firm ING, if the Conservatives win the April 28 election, the Canadian dollar could surge, yet such a victory is deemed unlikely, with markets already anticipating a weaker dollar under a continued Liberal government. The report suggests that a Conservative win would signal a potential easing in Canada-U.S. trade tensions, despite both parties condemning U.S. tariffs. With the Canadian dollar currently at its lowest in 20 years, challenges for the economy remain significant, particularly due to high personal debt and potential layoffs.

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Tags: AnalystscaseConservativelooniePredictrallyReadingwin
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