From Dillian's investment newsletter :
"Harper, in some ways, had an accidental 10-year reign. Canada is about 60% left-wing and 40% right-wing, but has two left-wing parties (the Liberals, who are center-left, and the NDP, who are allegedly far left) that have been splitting their votes in every election.
Canada is slipping into recession, and Harper, sort of a Canadian Sean Hannity, has worn out his welcome over time with his hawkishness/paranoia.
Trudeau, I think, is a little further left than people give him credit for, with a clear authoritarian streak.
Canada’s budget—which is basically balanced—will, in a few years, reach a deficit of 10% of GDP. That’s not good for the Canadian dollar, which has been in a two-plus-year bear market. And I am aggressively shorting it.
Trudeau has a reputation of being somewhat of an empty suit, a know-nothing—and these are the sorts of things that his own supporters acknowledge. Canadian investors have told me privately that they believe this outcome to be even worse than if Mulcair had been elected, which is really saying something."Jared Dillian's newsletter is an occasional top up to the free weekly newsletter from John Mauldin.