The Canadian Broadcasting Corporation (CBC) gushed that Bolsoaro's win over Workers' Party candidate Fernando Haddad "could mean fresh opportunities for Canadian companies looking to invest in the resource-rich country" thanks to his strong commitment to "open markets."
"It could be a good time to be a mining investor in Brazil," declared Anna Prusa, a former U.S. State Department official who researches Brazil for the Wilson Center.
The Intercept reported last week, American business elites were positively giddy at the prospect of a Bolsonaro victory, which one executive said would be a "bullish opportunity for us."
"Brazil stocks outshined the rest of the world" ahead of Sunday's election, CNBC reported. Following Bolsonaro's victory, stocks continued to skyrocket.
"Jair Bolsonaro said the words investors wanted to hear," Bloomberg reported on Monday. "Brazil’s next president pledged to trim the deficit, pay down debt and reduce the size of government."
That helped Brazilian assets extend gains Monday, with the currency adding as much as 1.5 percent and Ibovespa stock futures climbing 4 percent in early trading. An American depository receipt of state-controlled oil producer Petroleo Brasileiro SA jumped 7.1 percent in pre-market hours."
But please note, about 30% of voters turned in spoiled ballots. (Voting is compulsory in Brazil.)
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