![CANADA FX DEBT-Loonie posts 11-week high as investors weigh election uncertainty]( "CANADA FX DEBT-Loonie posts 11-week high as investors weigh election uncertainty")
Polls show Prime Minister Justin Trudeau’s Liberals are locked in a tie with the opposition Conservatives and will not capture enough seats for a majority. “I think there is probably some squaring up ahead of that event (the vote),” said Mark McCormick, North American head of FX strategy at TD Securities. “It could go in two directions, which could be currency moving.” A Conservative majority could be positive for the currency, while a Liberal minority government that relies on the support of the New Democratic Party (NDP) could be negative, McCormick said.
