The following blip from Chuck Butler's Daily re Canada's elections:

"The Canadian dollar didn't participate in the slide of the commodity currencies, and actually moved a bit higher vs. the US$. The election results which gave Prime Minister Stephen Harper's conservative party the first majority in seven years was good news for the loonie. Harper has pledged to eliminate Canada's budget deficit by 2014 and cut corporate taxes and spending, and his decisive win certainly looks like a stamp of approval for these policy choices. The election is being seen as a mandate for Harper to continue to cut government spending, and continued growth of the Canadian economy combined with a strengthening fiscal position should help bolster the Canadian dollar in the global markets. "