Canada is likely to elect another minority government next week, with no party able to win absolute control of the House of Commons. That could be a recipe for higher taxes and more spending, according to National Bank of Canada. Polls show Justin Trudeau’s Liberals in a tight race with the Conservatives, and the balance of power could be held by a New Democratic Party with a “tax- and-spend orientation,” Warren Lovely, the Montreal-based bank’s chief rates and public sector strategist, said in a report to investors. “Canadian businesses, high income earners and the wealthy may wish to take note.” The New Democrats, ... (full story)