Strong Liberal minority eases business uncertainty, but adds to pipeline angst

TORONTO/CALGARY – A stronger than expected minority government in Ottawa will mean less uncertainty for businesses than was feared but still raises concerns about pipeline investment and higher deficits as the Liberals are forced to broker alliances with rival parties to retain power.

While the Liberals are free to court the support of any party, they are most likely to form an alliance with the NDP given broad similarities in policy priorities that include the carbon tax, restrictions on non-resident ownership in real estate, a desire to expand pharmacare and reduce cell phone bills.

“That is the net result of this election outcome, that we probably are looking at a somewhat looser fiscal policy and somewhat larger budget deficits than would otherwise be the case,” he said. “To the extent that uncertainty is the enemy of business we have a medium level over the next few years,” said Dan Kelly, president and CEO of the Canadian Federation for Independent Business. “That’s enough to allow business people plan without worrying about a massive amount of policy change in the days ahead.”

The Conservatives dominated the vote in Saskatchewan and Alberta, taking all but one seat in the latter province amid simmering anger over the slow progress on the Trans Mountain Pipeline.

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Federal election 2019: A Liberal minority is what the energy industry feared mostA Trudeau minority will have to be supported by the NDP, the Green Party or even the Bloc Québécois – parties that don’t want any new oil pipelines built Your statement is unfounded No, the worst would be a conservative minority that is promptly followed by non confidence vote by an NDP Liberal coalition. No, the worst scenario would be an NDP or Bloc majority! The headline should be: 'For the oil and gas sector a Liberal minority is a worrisome scenario.' or words to that effect.
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