After nearly a decade in power, PM Justin Trudeau's resignation signals a potential shift in Canada's political landscape, with implications for economic policy and the currency.
Justin Trudeau's sinking approval ratings and the pressure of post-COVID inflation are central to his decision to resign, impacting the likelihood of a Conservative election victory.
Economic stagnation, including stagnant per capita GDP and high inflation, drove Trudeau's resignation, potentially paving the way for Pierre Poilievre and a policy shift favoring a strong Canadian dollar.
Pierre Poilievre's conservative policies echo Trump’s, emphasizing deficit reduction and a hawkish monetary policy, which may lead to economic support for the Canadian dollar.
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