Thursday, Oct 22nd 2020 12:27 PM

Market Digest Nigeria


Justin Trudeau wins Canada election


Justin Trudeau has won the Canadian elections, his liberal party won 155 out of 304 electoral districts giving him a second term as prime minister of the country.

However, Trudeau is expected to fall short of the 170 seats needed to secure a second majority government. His grip on power will be weakened and he is expected to be forced to work with smaller left-wing parties to pass legislation. The result follows a rocky campaign for Trudeau. “Four years after the photogenic Liberal leader swept to power promising ‘sunny ways’ after nearly a decade of Conservative rule,” says The Guardian, he “struggled to inspire voters as he campaigned for re-election”.

Last month, Time magazine published a photograph of Trudeau wearing brownface when he was a teacher in 2001. Trudeau apologized and agreed it was a racist photo. US President Donald Trump has congratulated Trudeau , he tweeted: “Canada is well served. I look forward to working with you toward the betterment of both of our countries!”

One Canadian analyst was less gracious. “We’re seeing a much-needed chastening of the Liberal party,” said David Moscrop, a political scientist at the university of British Columbia. “Some of [the result] is a backlash against Liberal arrogance and entitlements. The Liberals set the bar so high they’re bound to run into it.” Whether Trudeau forms a fully-fledged coalition remains to be seen. He might instead agree a confidence-and-supply deal in which junior partners will agree to support him on individual pieces of legislation.

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