Canadian Dollar in Play as Prospect of Early Election Rises -- Market Talk

Dow Jones

Jan 07, 2025

1101 ET - The prospect of an early election in Canada and shift in power to a Conservative government would benefit the local currency, Macquarie strategists Thierry Wizman and Gareth Berry say. The pair are more bullish CAD, arguing a resignation by Prime Minister Justin Trudeau would help move things along. Already CAD has made moves higher after reports Trudeau will soon announce he is stepping down and after polls continue to show the Conservatives carry sizeable support with voters. Macquarie says that if things pan out as expected, USD/CAD and EUR/CAD will lower by roughly 3%-4% respectively by end-1Q, and it no longer believes that 1.44 is the "center of gravity" for USD/CAD in 2025. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

January 06, 2025 11:01 ET (16:01 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2501251587"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2501251587\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2501251587?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-07 00:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2501251587","market":"other","top_or_hot":-1,"title":"Canadian Dollar in Play as Prospect of Early Election Rises -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1101 ET - The prospect of an early election in Canada and shift in power to a Conservative government would benefit the local currency, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> strategists Thierry Wizman and Gareth Berry say. The pair are more bullish CAD, arguing a resignation by Prime Minister Justin Trudeau would help move things along. Already CAD has made moves higher after reports Trudeau will soon announce he is stepping down and after polls continue to show the Conservatives carry sizeable support with voters. Macquarie says that if things pan out as expected, USD/CAD and EUR/CAD will lower by roughly 3%-4% respectively by end-1Q, and it no longer believes that 1.44 is the \"center of gravity\" for USD/CAD in 2025. (robb.stewart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2025 11:01 ET (16:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canadian Dollar in Play as Prospect of Early Election Rises -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanadian Dollar in Play as Prospect of Early Election Rises -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-07 00:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1101 ET - The prospect of an early election in Canada and shift in power to a Conservative government would benefit the local currency, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> strategists Thierry Wizman and Gareth Berry say. The pair are more bullish CAD, arguing a resignation by Prime Minister Justin Trudeau would help move things along. Already CAD has made moves higher after reports Trudeau will soon announce he is stepping down and after polls continue to show the Conservatives carry sizeable support with voters. Macquarie says that if things pan out as expected, USD/CAD and EUR/CAD will lower by roughly 3%-4% respectively by end-1Q, and it no longer believes that 1.44 is the \"center of gravity\" for USD/CAD in 2025. (robb.stewart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2025 11:01 ET (16:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6505","symbol_name":"周期性消费品与消费者服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501251587","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501251587","pubTimestamp":1736179260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1101 ET - The prospect of an early election in Canada and shift in power to a Conservative government would benefit the local currency, Macquarie strategists Thierry Wizman and Gareth Berry say. The pair are more bullish CAD, arguing a resignation by Prime Minister Justin Trudeau would help move things along. Already CAD has made moves higher after reports Trudeau will soon announce he is stepping down and after polls continue to show the Conservatives carry sizeable support with voters. Macquarie says that if things pan out as expected, USD/CAD and EUR/CAD will lower by roughly 3%-4% respectively by end-1Q, and it no longer believes that 1.44 is the \"center of gravity\" for USD/CAD in 2025. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6505":"周期性消费品与消费者服务","BK6096":"消闲用品","N0Z.SI":"联志国际"},"translate_title":"随着提前选举前景上升，加元发挥作用——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"N0Z.SI":0.9},"content_text":"1101 ET - The prospect of an early election in Canada and shift in power to a Conservative government would benefit the local currency, Macquarie strategists Thierry Wizman and Gareth Berry say. The pair are more bullish CAD, arguing a resignation by Prime Minister Justin Trudeau would help move things along. Already CAD has made moves higher after reports Trudeau will soon announce he is stepping down and after polls continue to show the Conservatives carry sizeable support with voters. Macquarie says that if things pan out as expected, USD/CAD and EUR/CAD will lower by roughly 3%-4% respectively by end-1Q, and it no longer believes that 1.44 is the \"center of gravity\" for USD/CAD in 2025. (robb.stewart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 06, 2025 11:01 ET (16:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}