Brexit reaction

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Despite being forced to resign last week, British Prime Minister David Cameron was still able to laugh at himself when he was asked whether he regrets shutting out 16-17 year olds from voting in the crucial Brexit vote last Friday

“I don’t think it would be right to change my mind about an issue simply because it would help my side in the debate.”

Until a new prime minister is selected to lead the UK to officially separate from the European Union, Cameron aims to continue business as usual.

“There are a number of decisions that we’ll have to look at in light of the new circumstances with which we are faced.”

One of those decisions includes how to calm nerves after the pound took a pounding again today, plummeting to a 31 year low. Despite the numbers, Britain’s minister of finance believes the UK is in a better position now than after the 2008 recession.

“We’ve worked systematically with a plan that today means Britain has the strongest major advanced economy in the world. Growth has been robust, employment rate is at a record high.”

Nick Bontis of the DeGroote School of Business agrees.

“I don’t think it’s going to be long term actually, I think it’ll be short term. I think in a couple weeks we’ll forget about it.”

While the Canadian dollar has fallen around two cents since Friday, Bontis explains that the fall shouldn’t get more dramatic.

“Our exposure to the UK is not as huge as we thought it was. They’re a trading, but a minor trading partner, it’s not like we’re talking about the U.S. here.”

One topic that continued to surface in parliament was Scotland’s vote to ‘stay’ in the European Union and how Friday’s results have sparked interest for a second referendum to leave the UK. Scotland’s first minister said a second referendum is highly likely in the next two and a half years. Scots voted to stay back in 2014 with the understanding that the UK would stay in the EU.