Special Edition: Canadian Election

Economic Cheat Sheet

As Canadians head to the polls in what was predicted to be a tight race (except for prediction markets), the results are rolling in from the east coast with results tallying tight. At time of writing, the polls are tallying close at 11 Liberals and 4 Conservatives.

Separately, it wouldn’t be a Canadian election without Elections Canada’s website being down. Nothing demonstrates the poor efficiency in our government offices more than their inability to maintain proper IT infrastructure when needed (this is also a friendly reminder to file your taxes on the CRA website…if you can login).

Let’s double click on what either outcome would mean for the Canadian economy through a cheat sheet of economic-focused platforms:

An unspoken (for good reason) alternative is the Communist Party of Canada, where a key platform issue is cutting military spending by 75%; lifting restrictions off Russia, Iran and North Korea; and allowing global militant powers to access enriched uranium. The equivalent of tying bricks to your ankles just before jumping in the deep-end at your local YMCA.

With lots of volatility fatigue in the market around tariff headlines, I expect there to be minimal reaction to Canadian markets tomorrow morning, regardless of outcome. Maybe energy sells off less than 2% if the Liberals win.

Happy voting,

G.G.