I doubt it. Canadian voters have been to the polls more than the Italians in recent years and have very little appetite for a return trip. Nonetheless, the Liberals are threathening to bring down the Tories unless they relent to demands for amended jobless benefits.

Just one more layer of risk, cobined with the retrenchment in the global reflation trade which has undermineed the Loonie. USD/CAD has rebounded to 1.1375 thus far.