As we approach the Canadian federal election this Monday, April 28, I want to take a moment to reflect on its significance. Not just for our nation, but for your financial future. The outcome of this election will shape policies on taxes, trade, and economic growth – all of which directly impact your investments and financial plans.

 

While markets often react to uncertainty, they also reward stability and informed decision-making. That's why I encourage you to make your voice heard by voting. It's a powerful way to influence the economic landscape that we will be navigating together in the years ahead. Polls suggest a tight race, and every vote counts in our first-past-the-post system. As you can see from the chart below, voter turnout has been decreasing (62.6% in 2021 election) which is unfortunate. I encourage you to exercise your democratic right and make your voice heard.

 

Source: Elections Canada

 

Regardless of the outcome, we will be here to help you understand how the election may impact your portfolio and your long-term goals.

 

I have also attached some commentary from our CIBC Economics team entitled “One book, two books, Red Book, Blue Book”.

 

As always, if you have any questions, please feel free to give us a call.

 

Have a great weekend.

 

Milan