TeeJaw Blog

Conservatives Win Big In Canada

Posted in Government and Politics by TeeJaw on Monday, May 2, 2011, 10: 01 PM

Did you know there was an election in Canada todayyesterday?  Yes, and conservatives are winning big.  Stephen Harper is reelected prime minister and his Conservatives are winning or ahead in 165 districts, the NDP in 104 districts.  The Liberal party looks to have only  31 seats after tonight last night, and Bloc Quebecois only 4 seats.  This may wipe the Liberals and Bloc Quebecois out of existence. Harper’s Conservatives had only 143 seats in the 308 seat legislature before tonight so ruled only by coalition with the NDP.  After tonight last night Conservatives will have a solid majority on their own with the NDP leading the opposition.

One consequence of this major political shift in Canada will be an upsurge in the Canadian dollar.  Canadian oil will be more expensive in the states as the Canadian dollar rises in value to the U.S. dollar.  Another consequence might be increased confidence in a Republican victory in 2012 election for president. Right now the Intrade Prediction Market on the 2012 presidential election values Republicans at 38 and Democrat at 62.  Those numbers may begin to shift toward Republicans.  On the other hand, they might not.

UPDATE: Final results:

The map below will help you keep the names of the provinces straight:

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