Fortunately Canada doesn't have the political funding shit show south of the border, HOWEVER party finances due impact how each party can (and will) approach an election, including their appetite for one. According to
Elections Canada, the state of the onion for Q2 2024 is as follows:
CPC - 2023 YE Assets = $18.6M, 2024 Q1+Q2 Donations = $20.5M
LPC - 2023 YE Assets = $8.7M, 2024 Q1+Q2 Donations = $6.8M
NDP - 2023 YE Assets = $1.9M, 2024 Q1+Q2 Donations = $2.7M
BQ - 2023 YE Assets = $473K, 2024 Q1+Q2 Donations = $763K
For 2021 election, the spending cap was roughly $30M, so I would expect 2025 to be a bit higher, meaning that it is likely that only the CPC will be able to reach that limit without incurring debt (i.e. loans). On that note, the NDP just finished paying off their 2021 debt of about $22M. Seeing as they have less assets today than the end of 2020 AND their donations are less than in the leadup to the 2021 election, I could see them not in a rush to call an election as they'd likely get a smaller loan and at a higher interest rate. Double ouch. The BQ numbers are obviously smaller, but basically in line with where they were leading up to the 2021 election. The LPC assets are about the same, though donations are at half, whereas the CPC has twice the assets and twice the donations.
Again, election money is not the same in Canada as the US, but regardless, the CPC are currently way ahead of everyone else and thus more able to support an election call right away.