Welcome to the latest episode of Make Money Count! Canada has a new Prime Minister! Big news, but what does it actually mean for interest rates, trade policies, and your financial future? Marcus & Justin break down what’s happening behind the headlines — and why the next election might change everything.

Episode Highlights

A New PM: Will It Last?

Canada has a new prime minister, and while some initially believed it might be a short-lived leadership, the betting markets suggest otherwise. According to PolyMarket, the odds are currently in favor of Mark Carney, with a 59% chance of remaining prime minister, compared to Pierre Poilievre’s 42% chance. This shift is remarkable, especially considering the Conservatives previously seemed like a sure win.
What caused this political pivot? Many believe it’s due to strategic maneuvering by the Liberal party. Replacing Justin Trudeau has given them a fresh face and renewed momentum. Poilievre’s intense focus on attacking Trudeau may have left him without a strong narrative now that Trudeau is no longer leading.

Inflation Uptick: Should You Worry?

Inflation just ticked higher—Canada’s CPI hit 2.6% in February, slightly above expectations. Is this a temporary blip or the start of something more serious? Are inflation pressures here to stay, and how should businesses and consumers react?

The Trump Comparison

Interestingly, there’s a growing perception that Poilievre’s rhetoric mirrors that of Donald Trump, particularly in his critiques of the “woke left.” Given Trump’s unfavorable image in Canada, this comparison may not be doing Poilievre any favors. Commercials have even highlighted similarities between their talking points, further reinforcing this notion.

Will April’s Rate Decision Shock the Market?

All eyes are on the Bank of Canada’s next move. With inflation creeping up and trade tensions brewing, will April 16 bring another rate hold—or a surprise cut? 

Canada’s Long-Standing Trade Challenges

Canada’s economy faces deeper challenges: a lack of focus on trade diversification, intellectual property, and long-term economic planning. Could a smarter leadership fix this? 

Looking Ahead

Election strategies, interest rate decisions, and Canada’s global competitiveness will shape what’s next. Is Canada poised for growth, or stuck in a cycle of missed chances?

Have questions about how this impacts your mortgage? Reach out today for a free consultation.

And don’t forget to subscribe and follow us on social media for more updates and expert insights!