Carney calls snap election amid Trump trade war and sovereignty taunts

Source Cryptopolitan

Canadian Prime Minister Mark Carney has called an early election for April 28, setting the stage for a fierce battle between his Liberal Party and the Conservative Party led by Pierre Poilievre.

The election campaign is officially underway after Carney, who took office only nine days before, asked Governor General Mary Simon on Sunday to dissolve Parliament.

His decision comes at an especially fraught time for Canada, with US President Donald Trump imposing trade tariffs and threatening remarks about Canada’s sovereignty.

The Conservatives consistently polled in front for over a year, with Poilievre blaming Liberal policy for the cost-of-living crisis. Trump’s hardline attitude toward Canada has turned public opinion around, though.

A former central bank chief, Carney is a calming voice in moments of crisis. He argues Canada needs to stay strong and contemplate moving its trade away from the US.

Poilievre blames the Liberals for Canada’s economic woes

Poilievre claims that Liberal economic policies have devastated the Canadian economy, leaving it vulnerable to Trump’s economic aggression. He criticizes Carney as an out-of-touch member of the global elite who undermines Canadian workers.

In launching his campaign, Poilievre asked voters whether Canada could endure a fourth Liberal government following what he characterized as a “lost Liberal decade.” He promised to restore business confidence and return investment to the country.

He also conceded that many Canadians were worried, angered, and apprehensive about Trump’s uncalled-for threats to Canada. He conceded he shared their ire and fears about Canada’s future but was hopeful this frustration and concern could be redirected into action.

Poilievre has accused Carney of not being transparent about his financial interests after years in the private sector. Carney had previously been chairman of Brookfield Asset Management Ltd. and Bloomberg Inc., resigning from the latter in January to pursue a job in politics.

Carney moves to distance himself from Trudeau

Carney is under pressure to show he is not merely a second coming of Justin Trudeau, who resigned under pressure from his party.

As of the first week in office, Carney had already undone some policies from the Trudeau era, including cancelling a carbon tax and reviewing an agreement to buy a fighter jet from the US.

He says Canada won’t work with Trump until the threats to its sovereignty and way of life end. He also promises his government will invest smartly while reining in spending.

Both Carney and Poilievre argue they would be better able to negotiate with Trump and have made diversifying Canada’s trade relationships and reducing barriers to internal trade a key part of their pitches. But neither party has finalized a full policy platform.

The New Democratic Party (NDP), historically tied to labor unions, has seen its support crash from the high teens to about 10%, with many NDP voters going Liberal. Party leader Jagmeet Singh previously kept Trudeau’s government afloat by supporting key measures, including some votes on the budget.

Trump’s aggression is reluctantly spawning a surge of Canadian nationalism that is reshaping the country’s identity. In Quebec, where separatist fever has spiked, Bloc Québécois support seems to plummet after Trump’s reelection.

In Alberta, Premier Danielle Smith has released a list of demands to assist the province’s oil sector. She said Canada may be on the verge of an unprecedented crisis in terms of national unity if the federal government fails to act over the coming months.

There is no visible leader, and the election will likely boil down to which of its leaders Canadians believe can stand up to Trump and battle for the economy.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
How Is the Crypto Market Structure Bill Progressing? Advancing or Hindering the Future of Cryptocurrency?The crypto market structure bill has encountered opposition led by Coinbase and is currently stalled, but it is expected to eventually pass and propel the crypto market forward.According
Author  TradingKey
12 hours ago
The crypto market structure bill has encountered opposition led by Coinbase and is currently stalled, but it is expected to eventually pass and propel the crypto market forward.According
placeholder
Bitcoin breaks above $97,000 as crypto kicks off first major rally of 2026Cryptocurrency markets are experiencing the first major rally of 2026. Bitcoin reached a high of over $97,000, and Ethereum edged close to $3,400 on Wednesday afternoon. Some analysts predict this is part of a larger bullish trend. Cryptocurrency markets appear to be coming out of hibernation as Bitcoin and key altcoins reach price levels not […]
Author  Cryptopolitan
15 hours ago
Cryptocurrency markets are experiencing the first major rally of 2026. Bitcoin reached a high of over $97,000, and Ethereum edged close to $3,400 on Wednesday afternoon. Some analysts predict this is part of a larger bullish trend. Cryptocurrency markets appear to be coming out of hibernation as Bitcoin and key altcoins reach price levels not […]
placeholder
XRP ‘Super Cycle’ talk runs into a weekly SuperTrend sell signalXRP “super cycle” chatter faces a weekly SuperTrend sell signal, with XRP down 2% to $2.07 over the past week even as broader crypto markets tick higher.
Author  Mitrade
15 hours ago
XRP “super cycle” chatter faces a weekly SuperTrend sell signal, with XRP down 2% to $2.07 over the past week even as broader crypto markets tick higher.
placeholder
Bitcoin Flashes Classic Bottom Signals as BTC Nears $101K ReclaimBitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
Author  Mitrade
19 hours ago
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
placeholder
AUD/USD holds ground near 0.6700 due to cautious RBA toneAUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
Author  FXStreet
20 hours ago
AUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
goTop
quote