News that Osama bin Laden is dead brings Americans one major step closer to bringing democracy to the Middle East and, today, Canadians head to the polls to exercise our democratic right to vote.
There are many political implications to this news but in terms of business, it looks like Osama’s death may be helping to revive the American economy:
“President Barack Obama’s announcement that the man who inspired the deadly Sept. 11, 2001, terror attacks in the United States had been killed in an operation by special forces in Pakistan, prompted an increase in investors’ appetite for risk. That usually benefits assets like stocks but dents widely-considered financial safe havens, such as gold.” http://www.cbc.ca/news/business/story/2011/05/02/business-markets-binladen.html
The Canadian Dollar is firm at $105.22 US, but that may be subject to a quick change.
For the Federal Canadian Election happening today, here are 41 Things About the Election to help you place your vote. Get out and vote!