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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