Justin Trudeau’s resignation as Liberal Party leader and prime minister on Monday ushers in a new wave of uncertainty for the Canadian economy and financial markets. Expect delays in business decisions, sluggish hiring and subdued investments in the immediate aftermath of Trudeau’s resignation. ... READ MORE >
Justin Trudeau
Tariffs would fray Canada-U.S. ties in energy and auto manufacturing
A blanket tariff by the U.S. on Canadian imports is unlikely to materialize early next year despite rhetoric from U.S. president-elect Donald Trump. Still, the mere prospect of new tariffs has caused considerable anxiety in Canada. Such a move would have dire economic implications on both ... READ MORE >
Resignation of Canada’s finance minister before release of fall economic statement adds to uncertainty
(Editor's note: This post has been updated with the latest from the federal government's fall economic statement) Chrystia Freeland’s resignation as Canada’s finance minister highlights increasing uncertainty in the country's political environment as financial challenges loom in 2025. Reaction was ... READ MORE >
Canadian election results will test government spending
Canadians returned Justin Trudeau’s Liberals to power on Monday, but the Liberals fell short of securing a majority, in what some commentators are regarding as a “strong minority government.” The Liberals garnered enough support to win Atlantic Canada, Quebec and Ontario with 157 seats (170 is required ... READ MORE >