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Edition: U.S. Article Comments (0) Full Focus Editor's choice A selection of our top photos from the past 48 hours. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Sony says 25 million more accounts at risk in new data hack 2:12am EDT With bin Laden dead, Washington state man finally shaves 02 May 2011 Bin Laden killing will embarrass authorities: Pakistani media 12:36am EDT UPDATE 4-Sony says 25 mln more users at risk in second data hack 02 May 2011 U.S. commandos knew bin Laden likely would die 02 May 2011 Discussed 165 Obama to make statement late Sunday, White House says 106 White House releases longer Obama birth certificate 103 Donald Trump calls U.S. leaders ”stupid” Watched Osama bin Laden dead Mon, May 2 2011 Fire ants form rafts to defy floods Tue, Apr 26 2011 Osama bin Laden is dead: Obama Mon, May 2 2011 Canada's Conservatives score massive election win Tweet Share this By Janet Guttsman and Louise Egan OTTAWA (Reuters) - Canada's Conservatives stormed to a decisive victory in Monday's federal election, winning 54 percent of the seats in Parliament and securing a stable four-year term in power after vowing to focus... Email Print Related News Instant View: Conservatives romp to big Canadian election win 12:53am EDT Analysis & Opinion Why liberals owe Reagan a huge apology Downside risks to a Ryan presidential run Related Topics World » Conservative leader and Canada's Prime Minister Stephen Harper gestures while talking with children after casting his ballot at a polling station in a school in Calgary, Alberta May 2, 2011. Credit: Reuters/Chris Wattie By Janet Guttsman and Louise Egan OTTAWA | Tue May 3, 2011 2:42am EDT OTTAWA (Reuters) - Canada's Conservatives stormed to a decisive victory in Monday's federal election, winning 54 percent of the seats in Parliament and securing a stable four-year term in power after vowing to focus on the economy. The Conservatives grabbed 167 seats in Canada's Parliament, well above the 155 they needed to transform their minority government into a majority, according to provisional results. They won about 40 percent of the vote, beating expectations. The victory, a relief for Canadian financial markets, left support for the separatist Bloc Quebecois in tatters and the party's leader without a seat. Bloc Quebecois advocates independence for the province of Quebec. The Liberals, who have ruled Canada for more years than any other party, were reduced to a dismal third place showing with their worst ever seat haul. "What a great night. ... Canadians can now turn the page on the uncertainties and the repeat elections of the past seven years and focus on building a great future," Conservative Prime Minister Stephen Harper told a victory rally in Calgary, Alberta early on Tuesday morning. "Our plan (is) to create jobs and growth without raising your taxes," he said to loud cheers. The market's nightmare scenario of an unstable minority government headed by the pro-labor New Democratic Party never came to pass. Harper now has free rein to keep corporate taxes low in the nation of more than 34 million people and bring in a string of tax breaks once he balances the budget, projected within four years. "It's going to reinforce quite a bit of stability and confidence, and Canada is going to continue to be very attractive for foreign investors," said Youssef Zohny, portfolio manager at Van Arbor Asset Management in Vancouver. "With a Conservative majority, you're essentially assured a fairly business-friendly platform, low taxes, continued investment in energy and potential future energy projects. In terms of investment it's definitely got a bullish bias." The Conservatives had held two successive minority governments ahead of Monday. While they led opinion polls from the start of the five-week campaign, it was not clear they would convincingly win Canada's fourth election in seven years. But the left-of-center vote split between the New Democrats and the Liberals, the second biggest party in the previous Parliament, and the Conservatives emerged as a surprisingly strong victor with 39.6 percent of the overall vote. Of the 308 seats in the House of Commons, provisional results showed the Conservatives with 167 and the New Democrats with 102. The Liberals were far behind with just 34. LAYTON HEADS OFFICIAL OPPOSITION The NDP produced by far its strongest showing ever, giving genial party leader Jack Layton a role as head of Canada's official opposition. The party had campaigned on a platform of higher corporate taxes and an end to subsidies for the powerful energy sector although, like the Conservatives and the Liberals, it also said it would balance the budget within years. Its plans for a cap-and-trade system to rein in greenhouse gas emissions were a negative for energy producers -- Canada is the largest exporter of energy to the United States, itself the world's biggest consumer. "There's benefit in the stability that comes with a majority government. I think that's going to be good for our industry and for investors," said David Collyer, president of the Canadian Association of Petroleum Producers. "The NDP has a different view than us on some of the key policy issues and we'll have to work with them to see if we can find some common ground." "We have seen tonight, I think, the emergence of a polarization in Canadian politics," Liberal leader Michael Ignatieff said in a sad address to the party faithful. "We have a government that will pretend to govern from the center and there's a risk it will move the country to the right. We will have an official opposition that will criticize from the center but possibly move the country to the left." He added: "It's tough to lose like this." (Additional reporting by Jeffrey Jones, Scott Haggett, Randall Palmer, Claire Sibonney and David Ljunggren; Editing by Will Dunham) World Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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