It’s definitely a case of ‘ring in the new’ in Canada with Prime Minister Justin Trudeau announcing his resignation on Monday (6th January) – and regardless of who the next prime minister is, he or she will face a federal election sometime on or before 20th October.
This presents an uncertain policy environment, exacerbated by the prospect of tariffs from the new US Republican administration. President-Elect Trump has pledged to impose a 25% tariff on all imports from Mexico and Canada as his first Executive Order on 20th January.
Whatever materialises, 2025 could provide Canadians with the chance of a reset, and opportunity to leverage its vast natural resources to pursue closer ties with the US and wider world.
Trump has called for the US to achieve “energy dominance” and Canada can offer itself as a willing partner in this mission.
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