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

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

Canadian election 2019: Strong Liberal minority eases business uncertainty, 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: globeandmail - 🏆 5. / 92 Read more »