• USD/CAD unchanged as Mark Carney wins ruling Liberal Party leadership race

• To succeed Trudeau as Prime Minister with Canada facing economic challenges

• Will need to fight Trump's tariffs, handle China's retaliatory tariffs

• Is a well known crisis fighter; 1st person to head two G7 c.banks, BoC & BoE

• Leaders with financial markets experience have led nations successfully

• New Zealand’s former PM John Key had successful, stable stint from 2008-2016

• In contrast Australia had 4 PMs in this time frame, all career politicians

• Canada election must be held by Oct 20, polls show decisive outcome unlikely

• BoC interest rate decision Wed, 80% chance of 25 bps cut to 2.75% seen
Trade balance imports from Canada, China, Mexico


U.S. imports of lumber have been dominated by the Canadian market

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)