What a difference mere weeks have made in Canada. As the new year came and went, Prime Minister Justin Trudeau and his ruling Liberal Party, after nearly a decade in power, were trailing the Conservatives by 25 points—and facing electoral oblivion. An election was due by fall. It was looking like it might come earlier. The opposition parties in the House of Commons were working to bring down the government.
Today, Canada is in the midst of that early election, but the circumstances are night and day. Trudeau is gone, replaced by former Bank of Canada and Bank of England governor Mark Carney. And it was Carney himself who called a snap election for April 28. Most surprising of all, the Liberals are back up in the polls—and now favored to win. And it’s all thanks to a brash American in the Oval Office.
The last three months have embodied the old maxim that “…