March 12, 2025 at 11:19PM
Prime minister-designate Mark Carney and his cabinet will be sworn in on Friday, according to a CBC report.
The change of power, along with a meeting scheduled between Canada and US officials on Friday could pave the way for some deescalation on tariffs.
That could be a Canadian dollar tailwind.
Secondarily, Carney is expected to call an election in short order, perhaps by the end of the month followed by a 6-8 week campaign.
Canadian polls have significantly tightened and are near a dead heat in a big shift from a Conservative runaway lead at the turn of the year.
Finally, I would expect Carney to call an election soon because some recessionary winds are blowing and that will reflect poorly on the governing Liberals.
This article was written by Adam Button at www.forexlive.com.
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