How PM Trudeau's Exit May Affect Canada's Economy

Prime Minister Justin Trudeau's resignation creates political and economic uncertainty in Canada. The Canadian dollar initially strengthened on investor optimism but may face challenges as uncertainty deters foreign investments. The inauguration of U.S. President-elect Donald Trump, who has proposed tariffs on Canadian goods, could further strain U.S.-Canada trade relations, affecting sectors like manufacturing and agriculture.

The long-term economic impact hinges on Trudeau's successor, with potential candidates like Finance Minister Chrystia Freeland and former Bank of Canada governor Mark Carney. Their fiscal policies and trade strategies will be critical in shaping Canada’s economic future amidst these challenges.