/Posthaste: Here’s the one strange scenario where the Conservatives may come to the Liberals’ rescue

Posthaste: Here’s the one strange scenario where the Conservatives may come to the Liberals’ rescue

Good Morning!

That sounds about right: Canadians are clearly disenchanted by the Trudeau Liberals but not enough to hand over the keys to the kingdom to Scheer’s Conservatives — just yet.

Still, gains were made by the Conservatives, and the Liberal party would have to do much better this time around to hold on to the reins of the country.

The overall sense seems to be that voters are distrustful of the major parties and want them to work together to come up with creative solutions to revive slowing growth.

This may very well happen, especially in the case of the controversial Alberta-to-British Columbia Trans Mountain pipeline.

Pundits believe we will likely have a Liberal-NDP coalition, except that NDP leader Jagmeet Singh is vehemently opposed to building new pipelines.

But Calgary Herald columnist Don Braid offers this intriguing view: “The conventional thinking is that Singh or (Bloc Québécois leader Yves-François) Blanchet would make a deal with Trudeau to support the Liberals, perhaps including a condition to stop the pipeline. Otherwise, they would withdraw support and thus defeat Trudeau, forcing another election.

“But don’t forget the Conservatives. If the pipeline was at stake in a some kind of cooked-up vote, they might very well back the Liberals. They should, if their interest is the economy rather than just power,” Braid wrote in his column.

We may not be so divided after all.

Here’s what you need to know this morning:

  • Statistics Canada to release retail trade figures for August at 8:30 a.m. ET
  • Bank of Canada to release its business outlook survey and senior loan officer survey at 10:30 a.m. ET
  • Corporate Earnings: Aimia Inc., Canadian National Railway Co.

The economy is in trouble and it’s going to take politicians doing difficult things to encourage growth, writes Kevin Carmichael.

“Trudeau would have to acknowledge that Conservatives won 34 per cent of the popular vote, compared with about 33 per cent for his Liberals,” Carmichael wrote. “Except that about 65 per cent of voters endorsed parties that support a carbon tax, which Scheer said he would scrap, so the Conservatives were put on notice too.”

— Please send your news, comments and stories to [email protected]. —

Yadullah Hussain @yad_Fpenergy

With files from The Canadian Press, Thomson Reuters and Bloomberg


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