The election, which centred largely on Trump’s tariffs & threats of making Canada 51st state of the US, saw the NDP crash to 4th place. Jagmeet Singh also lost his own seat.
Singh said his party, 4th largest in the House, was tearing up an agreement struck with Trudeau’s Liberal Party in 2022 that allowed the Canadian PM to lead a minority government.
UCBs accounted for 1.8% of total industry credit in September 2025—down from 2.2% five yrs ago—showing that they are losing ground to faster PSU banks.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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