The change of power, along with a meeting scheduled between Canada and US officials on Friday could pave the way for some deescalation on tariffs.
Secondarily, Carney is expected to call an election in short order, perhaps by the end of the month followed by a 6-8 week campaign.
Finally, I would expect Carney to call an election soon because some recessionary winds are blowing and that will reflect poorly on the governing Liberals.
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