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Tuesday, May 3, 2011

The Conservative win and the financial market

Markets hate instability. A Conservative majority has put an end to that uncertainty and now our financial markets will roar ahead with confidence and zeal. It's unfortunate that today of all days, both Gold and Oil  have hit a slight bump otherwise you would have seen plenty of green on the Canadian stocks board just like we saw a sea of Conservative BLUE last night on the voting board.

Here's what the business areas are saying about the Conservative majority:

1) CBC: Majority win turns page on uncertainties.

2) NP: What Bay Street wants from Harper.

3) BusinessWeek: Canadian Govt. Bonds strengthen for the first time.

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