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Politics Week: BOC Meeting May Set Up More Debate Over Cost Of Living

CANADA
  • Bank of Canada expected to cut interest rates Wed, giving Conservatives more scope to attack govt over both elevated inflation and a weaker economy.
  • Local media continue to suggest former BOC/BOE Governor Mark Carney could run to replace PM Trudeau if he stepped down, something Trudeau says he has no intention of doing.
  • Polling aggregator 338Canada shows Conservatives likely to win majority government if an election were held now. Election is due in late 2025 under traditional four-year mandate.
  • Conservatives and Bloc Quebecois forced a third vote this year to remove House Speaker Greg Fergus over accusations of inappropriate partisan behavior. Liberals and NDP opposed the effort.
  • Media speculation about an early election call in Canada’s most populous province of Ontario, where Progressive Conservative Premier Doug Ford may seek to pre-empt any momentum of a new Liberal Leader. Election wouldn’t normally be due until 2026, and Ford said there won't be an election this summer or fall.
  • Sample headlines: John Ivison: If 2025 becomes the mortgage-pain election, the Liberals have already lost (National Post); It’s time for the Liberal Party to force Justin Trudeau’s hand (Globe and Mail).
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
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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