Social media and a 73-year-old law may be headed for a collision today when Canada holds a national election as tweeters and bloggers face the possibility of C$25,000 ($26,400) fines for posting results before the polls close in the West.
Canada’s dollar strengthened and stocks and bonds may rally after Conservative Prime Minister Stephen Harper won a majority government for the first time, allowing him to pursue plans to erase the budget deficit and cut corporate taxes.
Canada’s once-dominant Liberals are searching for a political message and a leader to deliver it, as Michael Ignatieff stepped down as party head yesterday after taking them to their worst electoral defeat.
Canada’s ruling Conservative Party retained two districts in special elections last night, turning back a challenge from the Liberal and Green parties and avoiding an upset in the city Prime Minister Stephen Harper represents.
Canadian Liberal Party leader Michael Ignatieff said he will resign after the party suffered its worst-ever election defeat, including the loss of his own constituency, to Stephen Harper ’s Conservatives in yesterday’s election.