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Justin Trudeau Re-elected

Wall Street’s Sharpest Drop Since September

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Mark Carney to Lead Canada Amid Trade Crisis with the US

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Canadian Prime Minister Justin Trudeau on Tuesday faced the cold reality of a minority government that will likely be forced to tilt left to survive, a move that risks upsetting the business community and stoking alienation in oil-producing provinces.

Trudeau, one of the world’s most prominent progressive leaders, saw a sharp drop in support for his ruling Liberals across the country in an election on Monday that focused in part on two scandals that dogged the 47-year-old leader.

Preliminary results showed the Liberals elected or ahead in 157 of 338 seats, a drop of 20 from where they stood going into the vote. They also trailed the main opposition Conservatives in the popular vote by just over a percentage point.

Trudeau looks set to govern with support from the left-leaning New Democratic Party, which also lost seats but managed to do well enough to be in a position to hold the balance of power. Together, the parties would control 181 seats.

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