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Originally Posted by acottawa
That’s an extremely optimistic prediction. Harris will face a hostile Congress and will be very limited in her agenda. Trudeau will be the same tired old leader the Liberals have been Uncle Bernieing for over a decade. Changes made now to immigration will not start having macroeconomic impact until 2026 which will force the Bank to keep interest rates higher than they should be. Housing will still be a crushing burden on millions of Canadians. The super low 5 year mortgages of 2020 will have come due.
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I think it comes down to what is PP campaigning on.
Is PP still going to be going on and on about carbon tax, when you have economists starting to come out questioning the merits of eliminating the tax. There was a Scotiabank writeup from a day or two ago:
The Federal Carbon Tax: An Axe to Grind
Is PP going to be there saying: "Vote for me because conservatives will take the prime rate from 3.5% to 3% by cutting your social programs?" Is he going to promise to bring down inflation while the Bank of Canada is trying to stimulate the economy?
What ever government we elect in 2025, goes immediately into the 2026 review of the Canada, US and Mexico trade deal. You can bet that a Harris government is going to put North American supply chains on electrical vehicles (EVs), batteries, and semiconductors at for front. With due regard for environmental and labour union protection.
Where does PP and the conservatives stand on the type of investment that is needed to provide a secure and green North American supply chain? All we know at this stage is he has come out saying he wants to cancel the deals that have been made between industry, Quebec, and Ontario to bring that type of manufacturing back to North America. Deals that are mirrored after what the US is already doing.
We don't know much about where PP standards on trade with Europe other than he wants to open up existing trade deal to remove provisions requiring carbon trading (aka carbon taxes).
Wound not surprise me to see him push for Keystone. A project that is dead and industry has moved on.