Maple Leaf Financial Crisis: Just How Bad Is It

After enduring Trudeau’s diplomacy and carbon tax distractions, Canada now grapples with the ramifications of Trump’s tariffs. As leadership transitions to Mark Carney—a former central banker turned politician—economic challenges escalate. However, this narrative is teeming with irony, wit, and unintentional humor reminiscent of Mad Men’s Don Draper.Mark Carney ascended as Prime Minister following Justin Trudeau's resignation in early 2025, winning the Liberal leadership with a staggering 86% of the vote. As the first PM from the territories and one with no prior political experience, Carney swiftly eliminated Trudeau’s consumer carbon tax, leading to a slim minority victory and a streamlined cabinet of 29 ministers.Yet, shortly after Carney’s rise, Canada's economy shrank by 1.6% in Q2. Amidst plummeting exports, Carney removed retaliatory tariffs against the U.S. in an attempt to stabilize the crisis. As the trade landscape shifts, Canada must navigate its export-dependent economy amidst emerging global dynamics.