The USD/CAD pair has bounced back from intraday losses, trading around 1.3840 early Tuesday. This recovery comes as the Canadian Dollar has weakened following the election results, where the Canadian Liberals failed to secure a majority government. Market reactions to political outcomes significantly affect currency valuations, and traders are now adjusting their strategies in light of these developments. Monitoring the economic and political landscape will be crucial in the weeks ahead for USD/CAD traders.