I greeted my wife with one word this morning; “Trudeau.”
Her response; “Oh, fuck.”
Yes it’s true. A toxic red tide of votes has swept the nation and there’s another brain dead Trudeau as Canadian Prime Minister. God help Canada.
Well I know that Harper wasn’t the most popular choice, but picking a party headed by a Trudeau? Seriously? That is soo coming back to bite us all. Mulcair would have been better as a national leader.
Why? Because I remember the economic disaster Tony Blair made of the UK, and Trudeau is a politician very much out of that mould. So we can look forward to higher taxes, extra ‘Carbon’ levies, more foreign involvement of our (Canada’s) armed forces and a deeper economic downturn caused by ‘capital flight’ as investors seek safer, or more profitable havens for their hard earned cash. On the plus side, he’ll probably cancel the problematic F-35 and legalise Marijuana, so it’s not all bad news. Even if Trudeau’s policies will probably squeeze out the little guys on the Grow-op front and put up the price of groceries.
For my part I’ll be keeping an eye on real inflation and currency fluctuations over the next year or so and keeping my European funds out of Canada until I’m sure which way the wind is blowing. As I observed to Mrs S this morning, it’s not time to pack our bags just yet. There may yet be a silver lining under this cloud. Canadian dollars ran at 2.15 to the pound sterling back in 2006. Due to the economic downturn in the oil and gas industries occasioned by the Saudis dumping their oil at ridiculously low prices, CAD to GBP is currently about two bucks to the pound. With a Liberal government in power, I can see that value dropping to about CAD$2.20 per GBP along with a drop in local property prices as the canny move their money elsewhere.