Mark Carney’s Chances Against Pierre Poilievre Drop [Video]

Mark Carney’s chances of winning Canada’s election against Pierre Poilievre have declined, according to new betting odds.

Why It Matters

Carney, the former governor of the Bank of Canada and the Bank of England, won a leadership election in March and called a snap election nine days after taking office. His predecessor, Justin Trudeau, had announced in January that he was resigning as Canada’s prime minister.

Since returning to office, U.S. President Donald Trump has imposed a 25 percent tariff on Canadian imports and a 10 percent duty on Canadian energy imports, escalating concerns about a trade war between the two countries. He has also threatened to annex the U.S.’s northern neighbor.

The Liberal Party saw its polling surge amid Trump’s tariff policies, and it was expected that Carney would comfortably win the election. The new odds challenge this narrative.

In Canada, votes are not cast for the prime minister directly. Instead, the leader of the party that wins …