ELECTION WATCH: Justin Trudeau's Liberals....>

CANADA: ELECTION WATCH: Justin Trudeau's Liberals reduced to minority

government, needs opposition support to pass budgets and other major

legislation.

-Liberals took 157 seats in House of Commons, short of the 170 needed for

majority in the 338-seat chamber, down from 184 seats in 2015

-Conservatives led by Andrew Scheer boosted total to 121 seats from 99 in 2015;

still a disappointment because the lost Liberal support went to other parties

-Bloc Quebecois won 32 seats, left-leaning NDP won 24 and are Trudeau's most

likely ally

-NDP has history supporting Liberals in minority governments, Leader Jagmeet

Singh on Tuesday said he wants to try to make Parliament work

-Scotiabank says results keep Canada on path of modest deficits around 1% of GDP

-Consistent fiscal path also signals Bank of Canada has little need to redirect

policy