Let's talk about Carney, Canada, and what's next.... - Belle of the Ranch

Well, howdy there Internet people. It's Belle again. So, today we're going to talk about Carney, Canada, and what's next.

On Monday, Canadian Prime Minister Mark Carney obtained a majority government with special election wins. This means the Liberal Party can now pass legislation on their own without the help of any other party. Over the last few months, a number of members of Parliament have switched from their original party to the Liberals, and then the special election wins put them over the top.

Most of the questions we've had come in about this are from Americans and were generally, "Hey, what's this mean for us?" The special election results are widely being interpreted as a referendum on Carney's leadership and this is being seen as him getting a mandate. So to answer what does this mean for Americans, we have to take a look at what Carney's been up to and what might escalate now that he has more control. Trump is probably unhappy.

Carney rode a wave of anti-Trump sentiment into office and a lot of Canadians saw him as somebody who could stand up to Trump's trade wars. It was a wise choice and Carney started doing a little bit of globe-trotting and establishing new trading partners and expanding relationships with existing partners. His experience as the former head of the Bank of England and Canada's central bank really paid off and gave him insight Trump couldn't hope to have. I mean, our guy is still trying to figure out why central banks have to be independent from partisan influence.

University of Toronto's Nelson Wiseman helped explain the results and said that “Canadians liked seeing how well he was received at Davos and have been impressed by his travels abroad. He visited 13 countries by last September in search of new alliances, investments, and trade pacts. World leaders want to do business with him.”

Because of the election, Carney now has even more leeway to push his agenda, which is primarily economic. The economic path he's charting for Canada is one that's independent from the US. It's not anti-American, to quote one of the questions that came in. It's simply pro-Canadian and once Trump shattered the relationship between the two countries, Canadian interests started diverging from US interests.

I wouldn't expect much deviation from what we've already seen from Carney. He might just pursue the same trade agenda more aggressively and will probably be more active in pursuit of establishing more Canadian defense structures independent of the US.

It's probably giving Trump heartburn when he thinks about the fact that because of this election. It seems likely that the Liberal Party will be in power for the rest of Trump's term. He's likely going to have to deal with a government that has been given a mandate to be a thorn in his side and will likely continue to grow in popularity if they thumb their nose at Trump.

Anyway, it's just a thought. Y'all have a good day.