The National Post reports in its Saturday, April 26, edition that if the Conservatives win the April 28 election, the Canadian dollar is expected to surge, according to a new analysis by ING. The Post's Tristin Hopper reports that the report, however, concludes that a Conservative win is unlikely, and world financial markets are already planning for the lower Canadian dollar that would be yielded under another four-year Liberal term. "A Conservative win would be a surprise for markets, and we think (the loonie) would rally on the view that President Donald Trump may be more lenient in trade negotiations toward another conservative leader," reads the report, published Tuesday by ING. The report notes that both the Conservatives and the Liberals have similar strategies for dealing with Mr. Trump, writing "all Canadian parties are firmly condemning U.S. tariffs: Trump is a deeply unpopular figure in Canada." Nevertheless, they still conclude that a Conservative win, however unlikely, would be greeted positively by investors as a signal for an "earlier de-escalation in Canada-U.S. trade tensions." The Canadian dollar is currently trading at 72 cents of a U.S. dollar, one of the lowest it has been over the last 20 years.
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