Gerald Butts, a former close advisor to Prime Minister Justin Trudeau, believes Trudeau is unlikely to lead the Liberal Party in the next election after Finance Minister Chrystia Freeland's resignation. Butts says Freeland's departure dealt a severe blow to Trudeau's already shaky hold on the party and suggests the next election will likely occur sooner rather than later, potentially resulting in a Conservative majority government. He recommends a leadership race if Trudeau steps down.
Kyle Duggan, The Canadian PressKambiz Kazemi, CIO of Validus Risk Management, discusses what impact political tensions in Ottawa will have on the markets.
Gerald Butts writes in a Substack newsletter today that Finance Minister Chrystia Freeland’s recent resignation from cabinet dealt Trudeau a staggering blow that loosened his already tenuous grip on the party.He says Trudeau was “unlikely” to lead the party into the next campaign before Freeland’s stunning departure and is “now much less likely to do so.”
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