Trudeau, The Liberal Party, Tariffs and Trump – What the Future Holds for Canada-US Relations?

Episode 61 is a deep dive into Canadian politics. Frank starts by handicapping the Liberal leadership race to elect Canada's next Prime Minister, a leader whose first order of business will be filling the leadership vacuum in Ottawa as Canada fights back against tariff threats from President Trump. He reminds Canada's provincial leaders of the importance of putting aside regional differences in favor of a Team Canada approach.  Frank takes listeners back to Economics 101 where he discusses the theory of comparative advantage, while suggesting that businesses on both sides of the border are holding back investment while the period of tariff uncertainty continues. He addresses the trolling by President Trump of Canada and makes a passionate plea to Americans to understand that while we are friends, we want to remain Canadian. The conversation then moves to global affairs where we discuss the Israel-Hamas peace agreement, the likely end of the Ukraine War and other potential hot spots for geopolitics, including one that is surprisingly close to home. This podcast was recorded on January 20, 2025.          Chapter Headings00:50 - The Race to be Canada's Prime Minister06:24 - Trump Tariff Decision on Hold10:20 - Leadership Vacuum in Ottawa11:50 - Economics 101 – Tariffs and Comparative Advantage14:45 - Canada's Response to the Wildfires in LA18:12 - Governor Trudeau and Manifest Destiny23:06 - Justin Trudeau's Legacy and Biggest Regret26:50 - Identity Politics30:40 - Predicting the Election Outcome32:35 - Does the Israel-Hamas Peace Agreement Have Legs?36:30 - The Trump Oligarchy37:40 - Zelensky's Dealmaking with Trump39:42 - Other Potential Geopolitical Hot Spots in 2025 For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.