Quebec voters gave a majority mandate to the Liberal Party, led by neurosurgeon Philippe Couillard, after an election campaign focused on fears the separatist Parti Quebecois would seek another vote on splitting from Canada.
Canada’s dollar gained to the strongest level in more than six weeks after the economy added more jobs than forecast in March, rebounding from a decline the previous month, and the unemployment rate unexpectedly fell.
Futures traders reduced bets that the Canadian dollar will decline against its U.S. counterpart by the most on record amid speculation China will add monetary stimulus, boosting demand for raw materials and energy.
Jim Flaherty announced yesterday he would be resigning his post as Canadian finance minister after more than eight years on the job. The following are comments from executives, economists and officials on his tenure as Canada’s third longest-serving finance chief.