Canada's Election Trackers Points to A "Slim" Liberal Majority, Says Scotiabank

09:48 AM EDT, 03/24/2025 (MT Newswires) -- Canada's parliamentary election will be held on Monday, April 28, noted Scotiabank.

Interim Prime Minister Mark Carney called it Sunday. The 37 days is the shortest election campaign allowed in Canada. You could reason that a short campaign is to capitalize upon Liberal momentum, or maybe it's because of a desire to have a mandate to address growth challenges and United States President Donald Trump's protectionism, said the bank.

Billions of dollars continue to be spent by the interim government before it obtains a fresh mandate which makes a pivot toward newfound fiscal prudence with less spending on distributional policies difficult to believe, stated Scotiabank.

This weekend brought a multi-billion-dollar expansion of publicly funded dental care for those without existing benefits and who pass means tests. This follows last week's pledge to cancel the GST on new home purchases under $1 million for first time buyers that may offer a first mover advantage before resetting prices higher. It also follows the commitment to build a high-speed rail line from Toronto to Montreal that will cost tens of billions.

The Liberals also pledged to cut the lowest tax bracket by 1% which includes 22 million folks, or just over half of Canada's population.

Weekend tracking sites show the Liberals are in reach of a majority government. The site 338canada.com shows the Liberals on track to win 178 seats in parliament for a six-seat majority, pointed out the bank. The Conservatives -- who held onto majority tracking until recent weeks -- are on track for 131 seats followed by the BQ at 25, the left-leaning NDP at seven and Greens at two.

CBC's election tracker shows similar prospects with the Liberals possibly winning a two-seat majority with 174 seats -- and the Conservatives at 134 followed by the BQ at 26 and the NDP at seven.

Liberals have an apparent lock on everything from Ontario eastward, maybe Manitoba as well, but that's looking closer, added Scotiabank. Conservatives are in the lead in British Columbia, Alberta and Saskatchewan and so much so that it's looking like it's hardly worth Liberal campaigning in Alberta -- or meeting its premier's demands.

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