Trudeau Resignation Could Be Bullish for CAD -- Market Talk

Dow Jones

2024/12/24

11:33 ET --Canada PM Justin Trudeau is taking the Christmas holidays to reflect on his future. Spectra Markets, a forex research firm, believes that a decision by Trudeau to step aside would be bullish for the Canadian dollar. Spectra tells clients that Tory leader Pierre Poilievre is "about certain" to be Canada PM some time in 2025, is a Thatcherite and a fan of economist Milton Friedman, "who wants smaller government and much of the same stuff Trump claims to want." He adds that with the risk of a Trudeau resignation, Trump may be more conciliatory toward Canada and then set his sights on Mexico, which could cause turmoil for the peso. (paul.vieira@wsj.com, @paulvieira)

(END) Dow Jones Newswires

December 23, 2024 11:33 ET (16:33 GMT)

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Spectra Markets, a forex research firm, believes that a decision by Trudeau to step aside would be bullish for the Canadian dollar. Spectra tells clients that Tory leader Pierre Poilievre is \"about certain\" to be Canada PM some time in 2025, is a Thatcherite and a fan of economist Milton Friedman, \"who wants smaller government and much of the same stuff Trump claims to want.\" He adds that with the risk of a Trudeau resignation, Trump may be more conciliatory toward Canada and then set his sights on Mexico, which could cause turmoil for the peso. (paul.vieira@wsj.com, @paulvieira) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 23, 2024 11:33 ET (16:33 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"N0Z.SI","symbol_name":"聯志國際","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2493760372","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493760372","pubTimestamp":1734971580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"11:33 ET --Canada PM Justin Trudeau is taking the Christmas holidays to reflect on his future. 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(paul.vieira@wsj.com, @paulvieira) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 23, 2024 11:33 ET (16:33 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}