TORONTO — As the Liberal Party appears poised to form a minority government following Monday’s election, economists say the focus now shifts toward Prime Minister Mark Carney’s spending promises amid the trade war with the United States.
The Liberals were leading or elected in 168 seats when the counting was paused early Tuesday morning, four short of a majority.
U.S. President Donald Trump loomed large over the campaign with his tariff threats and calls for Canada to become a U.S. state. Carney is expected to meet with Trump soon with plans to begin talks on a new trade and security pact quickly.
CIBC chief economist Avery Shenfeld said
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