Justin Trudeau to resign rather than face election wipeout

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Justin Trudeau’s Liberal government in Canada is facing an election wipeout, winning as few as 21 seats in the 338-seat parliament at this year’s election.

Canada election polling

Separate polling by the Angus Reid Institute showed that only 16% of decided voters expressed an intention to vote Liberal in the next election.

Canadian reid polling
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The figure “represents a low in vote intention for the Liberals since Trudeau became leader, but quite possibly the lowest support the party has received in modern times”, read an accompanying analysis.

This grim prospect has already seen several senior ministers resign.

The National Post reported that dozens of MPs in the Liberal caucus are calling for the resignation of Prime Minister Justin Trudeau, which could come to fruition this week.

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Trudeau resign

Justin Trudeau’s Liberal Party deserves to be destroyed electorally.

Justin Trudeau promised lower immigration if elected in an Op-Ed written in 2014:

“Since taking office, Prime Minister Stephen Harper and the Conservative Party have transformed the Temporary Foreign Worker Program — which was originally designed to bring in temporary workers on a limited basis when no Canadian could be found — into one that has brought in a large pool of vulnerable workers”.

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“As a result, the number of short-term foreign workers in Canada has more than doubled, from 141,000 in 2005 to 338,000 in 2012. There were nearly as many temporary foreign workers admitted into the country in 2012 as there were permanent residents — 213,573 of the former compared to 257,887”.

“At this rate, by 2015, temporary worker entries will outnumber permanent resident entries”.

“This has all happened under the Conservatives’ watch, despite repeated warnings from the Liberal Party and from Canadians across the country about its impact on middle class Canadians: it drives down wages and displaces Canadian workers”…

“The Temporary Foreign Worker Program needs to be scaled back dramatically over time, and refocused on its original purpose: to fill jobs on a limited basis when no Canadian workers can be found”…

“I believe it is wrong for Canada to follow the path of countries who exploit large numbers of guest workers, who have no realistic prospect of citizenship. It is bad for our economy in that it depresses wages for all Canadians, but it’s even worse for our country”.

Instead, temporary worker admissions soared under Trudeau’s Liberal Government:

Canada temporary worker admissions

Source: Ben Rabidoux

Canada’s population surged by an unprecedented 1.2 million people in 2023.

Population and rental inflation

This extreme immigration created an unprecedented housing shortage.

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Canada housing supply deficit

As a result, the rental vacancy rate plummeted and rental inflation skyrocketed.

Canada's rental vacancy rate

Canada’s labour productivity and per capita GDP growth have also stagnated for a decade under Trudeau’s Government:

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Canada per capita GDP

Put simply, Justin Trudeau’s Liberal Government has destoyed Canadian living standards and deserves everything that is coming to it.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.