Justin Trudeau’s plan to reverse his slide in opinion polls and keep his job as Canada’s prime minister hinged on the hope that time was on his side.
Andrew Scheer, opposition house leader of the Conservative Party of Canada , joins BNN Bloomberg to discuss Canada ’s economic and political outlook.
Like many incumbent leaders around the world, Trudeau has been hammered by public frustration over inflation, soaring housing costs and immigration. His Liberal Party’s poll numbers have been mostly stuck in the low-20% range since last year, while Pierre Poilievre’s Conservatives have raced ahead with a double-digit lead.
But on Wednesday, the left-wing New Democratic Party, which has been keeping Trudeau’s minority government propped up since 2022, pulled out of that informal coalition. That raises the odds that an election will happen before October 2025, the current scheduled date. In theory, an election can happen as soon as October — though Singh probably doesn’t want to face the voters yet, either. He may want to give his own party more time to separate itself from the government and build support.
The country’s housing supply was already strained before the government decided to relax the entry rules for temporary foreign workers and international students to plug short-term gaps in the labor market. And although inflation has receded, Canadians may not quickly forget their loss of purchasing power. The consumer price index is 11% higher than it would have been had inflation continued at its pre-pandemic pace, according to Bloomberg calculations.
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