Patrick James, an associate professor of international politics at the University of Southern California, said investors don't care about 'an embarrassing, messy extramarital affair' – instead, they're thinking about what lies ahead.
Although the bombshell news made international headlines, Patrick James, an associate professor of international politics at the University of Southern California, said investors don't care about"Your average investor is scratching their head saying, 'I wonder if we will see a strong mayor that continues playing out in a pro-business way,'" said James, who is a Canadian expat.
But despite her lack of business ties, observers say investors eyeing Toronto for future opportunities won't be affected by McKelvie taking over temporarily. The upcoming byelection will likely be competitive and feature many different visions for the city, including high-profile progressive candidates. Some political experts have said it could be the best chance for Toronto's progressive left to elect a mayor in over a decade."Investors from abroad, generally speaking, don't want Green or NDP.
"Toronto is already a magnet for world commerce like a giant 3,000-pound rock rolling down the hill. It's already rolling. I don't see that changing no matter who the mayor is as long as they don't rock the boat."
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