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New Canada Conservative Chief Drops BOC Firing In Victory Speech

POLITICAL RISK
  • Pierre Poilievre won the Conservative leadership contest Saturday as expected with a clear majority of support, defeating centrist Jean Charest in favor of populist rhetoric and a focus on high inflation
  • Victory speech dropped campaign pledge to fire the BOC Governor while keeping repeated references to how inflation damages family finances and saying he would curb deficits, debts and size of govt
  • There's no immediate path to challenge PM Justin Trudeau, whose Liberals have a deal with the left-leaning NDP to keep a minority Parliament in place for a regular four-year mandate into 2025
  • Poilievre pledged in his speech to cap govt spending; trim deficits; eliminate a carbon tax; displace "dictator oil" with domestic production; and to boost domestic manufacturing and farming
  • Canada's housing squeeze can be eased by cutting regulation and making federal land and buildings available for development, he said
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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