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Latest opinion polling makes difficult reading for Canadian PM Justin Trudeau and his governing centre-left Liberal Party (LPC), with both the party and the PM trailing the main opposition centre-right Conservatives (CPC) by a notable margin. The next election is not due until Oct 2025 at the latest, meaning that there is time for the LPC to stage a rally in support. However, the polling indicates that this might only prove possible with a combination of the following events: a decline in mortgage rates, an improvement in the economy, Trudeau stepping down as leader, the increased likelihood of a CPC gov't under Pierre Poilievre.
Source: Bloomberg
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