What the Upcoming Canadian Election Could Mean for Our Economy—and Our Future

With a federal election on the horizon, many Canadians are rightly focused on the immediate political implications. But for those of us thinking long-term—whether as investors, entrepreneurs, or citizens—the bigger question is: What direction will our next government take our economy?

We’re entering this election at a pivotal moment. And the policies introduced in the months to come will shape not only how we navigate today’s challenges—but how we position Canada for the future.

‍A Critical Economic Backdrop

The economic landscape in Canada is complex. Inflation, while improving, remains a concern. Interest rates are still elevated. Productivity is lagging. And perhaps most urgently, our trade environment is becoming more unpredictable—especially with renewed tariff rhetoric emerging from the United States.

Historically, elections held during periods of economic tension have brought short-term volatility to markets. Investors tend to be cautious in the face of uncertainty. But markets also tend to recover once a clear direction is established—so the longer-term impact often depends on the clarity and confidence of the policy agenda that follows.

What Experts Are Watching

Many economists and market analysts are paying close attention to three key areas: trade, competitiveness, and innovation. Canada is under pressure on all three fronts.

We remain heavily reliant on the U.S. as a trade partner—sending approximately 75% of our exports south of the border. That level of dependency is increasingly risky. At the same time, interprovincial trade barriers continue to stifle economic efficiency within our own borders. These internal roadblocks cost the Canadian economy billions annually and prevent businesses from scaling at speed.

And while other global economies are doubling down on innovation and entrepreneurship, Canada risks being left behind if we don’t create an environment where new ideas can thrive.

What We Need Moving Forward

This election is a moment to reset. It’s a chance to ask not just who should lead—but how we want to grow.

From my perspective, the next government needs to:

• Use Canada’s resources more effectively. We are rich in energy, minerals, and agriculture. We need to streamline our ability to responsibly sell these to the world.
• Eliminate interprovincial trade barriers. It’s time to operate as a unified economy, not a collection of silos.
• Diversify our trade relationships. We must reduce our overdependence on the U.S. by expanding access to new and emerging markets.

The Kind of Leadership I Want to See

To be clear, this isn’t an endorsement of any political party or candidate. But the kind of leadership I’m looking for is one that doesn’t shy away from bold action—someone who understands that we can’t regulate our way to growth, and that economic resilience starts with innovation.

Canada has the potential to be one of the best places in the world to start and grow a business. We have the people, the talent, and the resources. What we need is the policy vision to unlock that potential.

If we get this right, we’ll not only address the challenges in front of us—we’ll build a foundation for long-term, sustainable prosperity

Final Thoughts

Elections can bring change. But real progress comes when we align around a shared vision for the future—one where Canada isn’t just reacting to global challenges, but leading in solving them.

Let’s use this moment not just to vote for a leader, but to demand a plan that reflects what we’re truly capable of.

‍

Grant White is a Portfolio Manager /Investment Advisor at Endeavour Wealth Management with iA Private Wealth Inc, an award-winning office as recognized by the Carson Group. Together with his partners he provides comprehensive wealth management planning for businessowners, professionals and individual families. This information has been prepared by Grant White who is a Portfolio Manager for iA Private Wealth Inc. and does not necessarily reflect the opinion of iA Private Wealth.The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore ,they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained here in may not apply to all types of investors. The Portfolio Manager can open accounts only in the provinces in which they are registered. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. iA Private Wealth is a trade mark and business name under which iA Private Wealth Inc. operates.

‍

‍