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Trudeau’s Last Stand, Resignation Rumors Swirl as Liberals Face Political Oblivion

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The Opposition with Dan Knight

With Polls in Free Fall and a Caucus Revolt Brewing, Analyst believe the Liberals will Bet on Identity Politics to Distract Canadians From Nine Years of Failure

If you haven’t already, crank up Whitesnake’s Here I Go Again, because the Liberal Party is hitting all the same notes in their spectacular fall from grace. Rumors are swirling that today Justin Trudeau, the king of platitudes and bad policies, might finally call it quits after nine long years of setting Canada on fire and calling it progress.

So, why is Trudeau on the verge of resignation? Because he’s facing a caucus revolt. Apparently, some of these MPs weren’t thrilled they didn’t get picked for the very last liberal cabinet shuffle(or maybe it has to do with the latest Anguis Reid polls) which is funny considering they’ve had years to boot this guy. Instead, they’ve spent their time smiling for photo ops and pretending the country isn’t spiraling into chaos. Now, with the next election practically on the doorstep—2025, people—they’re panicking. And it’s glorious to watch.

Let’s set the stage: the latest Angus Reid poll is catastrophic for the Liberals. They’re sitting at 16%—that’s not just bad, that’s “we’re going to lose half our seats” bad. For context, the NDP is at 21%, which is embarrassing enough, but the Conservatives are at 45%. These are Harper-era numbers, folks. Pierre Poilievre isn’t just winning; he’s running victory laps before the race has even started.

So, what are the Liberals going to do? Well, they have three options. Spoiler alert: they’re all terrible.


Option 1: Prorogue Parliament and Hold a Leadership Race

So here’s the Liberals’ desperate move: prorogue Parliament, delay governing, and launch a leadership race to distract Canadians from their failures. It’s a political circus waiting to happen. Every ambitious Liberal—Freeland, Carney, Champagne—will throw their hat in the ring, and none of them are ready to clean up Trudeau’s mess.

But here’s the kicker: the clock is ticking. The fiscal year ends March 31, and without passing Interim Supply, the government literally shuts down. A leadership race takes months, leaving the party paralyzed while Pierre Poilievre dominates the narrative.

A new leader won’t fix anything; they’ll just inherit a sinking ship and take the blame for the inevitable electoral disaster. This isn’t a solution—it’s a slow, painful march toward oblivion while Canadians demand real leadership.


Option 2: Force a Leader Down Our Throats

Here’s where it gets spicy. The Liberals could skip the drama and appoint a new leader outright—someone like Chrystia Freeland. This would be their Kamala Harris moment. They’d toss Trudeau overboard, slap Freeland on the podium, and scream from the rooftops, “Canada’s First Female Prime Minister!” The media would eat it up. They’d call it historic, groundbreaking, revolutionary.

But here’s the first roadblock: Trudeau doesn’t have to go anywhere unless he decides to. That’s right, folks—there’s no magical “kick him out” button in the Liberal Party rulebook. Even if half his caucus is banging down his office door with pitchforks, Trudeau can just sit back, flash his trademark grin, and say, “I’m still your guy.” It’s less of a democratic process and more of a monarchy with better PR.

Now, let’s assume Trudeau does step down because, let’s face it, his ego might be the only thing keeping him there. Enter Chrystia Freeland. The Liberals would roll her out as the savior of their sinking ship.

But here’s the problem: Freeland’s record is awful. She’s been Trudeau’s loyal sidekick for years, backing every bad policy this government has pushed. From the $65 billion budget blowout to fraudulent COVID loans to the carbon tax disaster, Freeland has her fingerprints all over this mess. She’s not a fresh start; she’s Trudeau 2.0, but with less charisma.

And let’s be real, the Liberals wouldn’t run on their record because their record is a disaster. Instead, they’ll double down on identity politics. Freeland will be the face of the campaign, and the talking points will be predictable: “Conservatives hate women. Conservatives will ban abortion. Conservatives are scary.” It’s the same broken record we’ve heard a million times before. It didn’t work in the U.S., and it’s not going to work here. Canadians are smarter than that.


Option 3: Let Trudeau Go Down with the Ship

Now, this might actually be the smartest move. Trudeau built this disaster. He deserves to be the face of the loss. Let him captain the ship straight into the abyss, take the hit in the next election, and then rebuild from the ashes. It’s not pretty, but it’s probably the cleanest way to salvage the Liberal brand long-term.

But we all know the Liberals won’t do this. They’re too arrogant, too desperate, and too addicted to their own spin. Instead, they’ll probably shove Freeland into the spotlight either through a leadership race or just by bypassing the vote and just giving her the reigns and let her ride the Titanic into electoral oblivion, and then act surprised when it all goes horribly wrong.


Trudeau’s Titanic, Freeland’s Fantasy, and the Liberal Pipe Dream

So, here’s what I expect to happen, and honestly? Good riddance to Trudeau. Nine years of turning this country into a woke, bloated, over-taxed shell of what it used to be—his time is up. But let’s be real, the Liberals’ ship hit the iceberg years ago. Now they’re panicking because it’s finally sinking, and they’re trying to figure out who’s going to be the face of the wreckage. Spoiler alert: none of their options are good.

Here’s their play: they’re going to pull the Kamala Harris switcheroo. Replace Trudeau with Chrystia Freeland, slap a big, shiny label on her as Canada’s “First Female Prime Minister,” and hope nobody notices she was the co-pilot of this crash. Freeland has been positioning herself for this moment for years. She’s stood right next to Trudeau, smiling, nodding, and championing the very policies that have made Canadians poorer, angrier, and ready to vote Conservative in record numbers.

But here’s what they don’t want you to know—and here’s what they won’t campaign on: the Liberal record. Why? Because it’s abysmal. Corruption? Check. They handed out COVID loans like Halloween candy, with billions lost to fraud. Deficits? Oh, just a casual $65 billion for 2024. Inflation? A raging fire that’s destroying Canadians’ savings and quality of life. Authoritarian measures? Let’s not forget freezing bank accounts during the Freedom Convoy protests. Big government? That’s not just their record; it’s their entire identity.

And with Freeland at the helm, that’s not going to change. What’s the plan? Double down on identity politics, of course. “Chrystia Freeland: Canada’s First Female Prime Minister.” That’ll be the headline. That’ll be the news cycle. And anyone who questions her? Sexist. Misogynist. Anti-woman. Oh, and here’s the cherry on top: they’ll pivot straight to abortion rights. Why? Because they think it’s the one play that still works. Ignore the economy. Ignore the housing crisis. Ignore the fact that Canadians are literally rationing food. Just scream, “The Conservatives hate women!” and hope it sticks.

If I were a Liberal strategist—and thank God I’m not—I’d tell them to shove Freeland down our throats now. Why? Because the leader of the Titanic isn’t making it out alive. Whoever takes over the Liberal Party right now is going down with the ship, no question about it. Freeland appeals to the Liberal base: the blue-haired Twitter warriors, the downtown elites, the latte liberals. That’s her crowd. But here’s the problem: that’s it. She’s not reaching the working-class Canadians who are sick of paying for Liberal failures. Hillary Clinton has more likability than Freeland, and that’s saying something.

So, yes, they’ll run her on abortion rights, paint the Conservatives as the boogeyman, and pretend Canadians don’t notice they’ve been absolutely terrible for nine years. But let’s be honest—this is a political kamikaze mission for Freeland. The election results in 2025 are going to be catastrophic for the Liberals. And once the dust settles, Freeland is finished. She’ll be the face of the defeat, the one who led the party into the abyss.

And that’s why the real Liberal leadership race starts after the election. Mark Carney, the former Bank of Canada governor, is waiting in the wings. He’s smart enough to know the Liberals need to burn to the ground first before they can rebuild. He’s the only one who can go toe-to-toe with Pierre Poilievre on fiscal policy. If the Liberals want to have a shot at relevance in 10 years, Carney’s their guy. Pair him with someone like Christy Clark as deputy liberal opposition leader, and maybe—maybe—they can reforge the Liberal brand.

But Trudeau? He should go down with the ship. He built this disaster. He’s the reason the Liberals are at 16% in the polls while the Conservatives are at 45%. Let him take the fall. Let the party burn, and let the next generation of upstarts fight over the ashes. Freeland can have her moment, her delusion that she can fix this, but she’s only walking into political oblivion.

So here’s my advice to the Liberals: pour the champagne, play the violin, and let Justin Trudeau captain his sinking ship. And hey, as the ship goes down, maybe Trudeau can declare himself a transgender woman to grab the first spot on the lifeboat—because nothing says progressive hero like skipping the line while the rest of the crew drowns in his mess.

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103 Conflicts and Counting Unprecedented Ethics Web of Prime Minister Mark Carney

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The Opposition with Dan Knight  Dan Knight's avatar Dan Knight

Brookfield. The PMO. Eurasia Group. One Green Agenda, Billions in Conflicts.

Well, it finally happened. After months of dodging questions and hiding behind vague platitudes about “climate leadership,” Prime Minister Mark Carney’s official conflict-of-interest screen has been released by the Ethics Commissioner—and what it reveals is nothing short of staggering. Not five entities. Not a dozen. One hundred and three. That’s how many corporate and financial interests Carney has quietly acknowledged are too conflicted for him to touch.

At the center of this web? Brookfield Asset Management, the $1 trillion global investment firm where Carney was Vice-Chair before walking straight into Canada’s top political office. The very same Brookfield that owns energy projects, pipelines, nuclear companies, real estate empires, carbon offset schemes you name it, they’ve got a piece of it. And now, they’ve got a former executive running the country.

We’re told it’s all perfectly legal. We’re told Carney has “recused himself.” But what this disclosure actually shows is something much bigger: a government captured by finance, a prime minister with deep, ongoing entanglements in the very sectors his policies now enrich, and a climate agenda that’s beginning to look a whole lot like a money-printing operation for the global elite.

The deeper one digs into Prime Minister Mark Carney’s ethics disclosure, the clearer the picture becomes: what’s been framed as a climate leadership story is, in reality, a tightly wound web of commercial interest wrapped in green rhetoric. The 103-entity conflict-of-interest screen, ostensibly a shield against impropriety, instead serves as a road map of how thoroughly Canada’s top political office is entangled in the global green finance complex centered around Brookfield Asset Management.

As of Q1 2025, Brookfield reports $125 billion in assets under management (AUM) in its Renewable Power & Transition segment, a figure representing 12.5% of its overall $1 trillion portfolio. This segment alone encompasses most of the entities on Carney’s ethics screen: nearly 60 out of 103, even after accounting for duplicates. These aren’t passive holdings they’re the very projects, technologies, and subsidy-eligible vehicles Carney once oversaw directly as vice-chair of Brookfield and as co-lead of its $15 billion Global Transition Fund.

Brookfield’s renewables portfolio is vast: over 41.8 GW in installed capacity globally across wind, solar, hydro, and storage, with a 200+ GW development pipeline. A significant portion of this is owned or operated through the same SPVs and subsidiaries now appearing on the conflict list. Notable entries include Scout Clean Energy ($1B), Urban Grid ($650M), and Standard Solar ($540M). These acquisitions were all completed while Carney was at Brookfield, and they continue to generate revenue from U.S. and Canadian subsidy frameworks programs now shaped by the very government he leads.

Brookfield Renewable Partners L.P., the sector flagship, holds approximately $95 billion in total assets and generated $315 million in funds from operations in Q1 2025 alone. The firm is planning to add another 8 GW in capacity this year expansion that is, in part, subsidized through the same green transition policies Carney has promoted both in office and as a climate finance advocate.

The line between public and private interest blurs even further when examining the entities categorized under the “energy transition” banner; nuclear, CCS (carbon capture and storage), and so-called e-fuels. Carney’s screen includes Brookfield’s recent $8 billion acquisition of Westinghouse Electric Company, a nuclear power behemoth now positioned to benefit from Canada’s federal nuclear incentives and SMR (small modular reactor) program. Other flagged investments like Entropy and Carbon TerraVault fall directly into carbon credit and offset schemes—markets heavily influenced by federal regulation and incentive design.

Let’s stop pretending. What we’re witnessing here isn’t just conflict of interest, it’s a complete merger of state power and corporate ambition, all dressed up in the language of moral urgency. The Ethics Commissioner’s so-called “screen” for Mark Carney? It’s a joke. A checklist. A bureaucratic fig leaf meant to reassure you that everything’s above board. But it’s not.

Because here’s the truth: Carney is policing himself. He’s supposed to recuse himself from decisions that benefit the 103 entities he’s tied to many of which he helped create or oversee as Vice-Chair of Brookfield Asset Management. But who decides if he’s in conflict? He does. Or more accurately, the PMO does. The same PMO now drafting Dominion Barton-style focus groups to figure out how best to sell you the green grift. There’s no third-party oversight, no transparency on what’s actually in his so-called blind trust, and no disclosure of the carried interest he may still be entitled to from Brookfield’s billions in funds.

Meanwhile, the policy levers of government are being pulled in exactly the direction Brookfield bet on. Wind, solar, carbon capture, nuclear, every so-called “transition” sector that Brookfield spent years buying into is now flush with green subsidies, ESG guarantees, and taxpayer-backed investment shields. This isn’t the free market at work, it’s a strategic payoff, engineered by someone who’s now running one of the most powerful G7 economies.

And again, none of it is illegal. That’s the most damning part. Because legality isn’t the standard here. The standard is integrity, and that’s nowhere to be found. The scale of this overlap isn’t just large. It’s systemic. It’s built into the very foundation of the Carney government’s climate policy. The same man who structured these funds is now the man signing off on the policies that make them profitable.

Diana Fox Carney’s Quiet Role in the Climate Cash Machine

And just when you thought the web of influence stopped at the Prime Minister himself, along comes Diana Fox Carney, economist, climate consultant, and spouse of the most well-connected man in Canadian politics. While Mark Carney’s direct financial entanglements with Brookfield Asset Management are now public record, his wife’s career trajectory paints an equally troubling picture of how the same elite networks driving Canada’s green spending are profiting in parallel, behind the curtain.

Diana Fox Carney currently holds a senior advisory role at Eurasia Group, the New York-based geopolitical risk consultancy that’s become a quiet powerhouse in shaping global ESG narratives. It’s also the same firm where Gerald Butts—Trudeau’s longtime fixer and architect of the federal climate playbook—now serves as vice chair. Add in former journalist Evan Solomon and even Conservative stalwart John Baird, and you’ve got a bipartisan consultancy stacked with Canadian political operators. Convenient? Maybe. Coordinated? You decide.

And what has this firm staffed with Liberal-era insiders received in return? Millions in untendered government contracts, including a $446,210 deal from Natural Resources Canada in 2024 for vaguely defined “geopolitical research.” That’s nearly half a million dollars in taxpayer money handed out without competition, to a firm employing the sitting Prime Minister’s wife—and his former colleagues. Just coincidence, right?

But Eurasia Group is only the start. Diana’s reach extends far beyond advisory calls. She’s connected to:

  • BeyondNetZero, a climate equity fund backed by U.S. private capital giant General Atlantic.
  • Helios CLEAR, investing in African climate “resilience.”
  • ClientEarth U.S. and the Shell Foundation, both pushing aggressive environmental litigation and policy influence.
  • Canada 2020, a Trudeau-aligned think tank that’s pocketed over $1 million in federal grants.

Throw in indirect ties to Gates Foundation funding, Save the Children, and research networks influencing African agriculture, and you’re looking at a network of transnational climate consultants with deep, ongoing influence over the exact climate policies the federal government is now implementing under her husband’s leadership.

Now, legally, Diana is in the clear. She’s not a public office holder. But that’s the point. The rules weren’t designed for this new class of political operator—the dual-career globalist power couple, where one side signs the climate cheques while the other cashes them. No formal disclosure is required. No recusals. No transparency. Yet the influence is there. The access is there. The money is flowing.

Opposition Reaction: Pierre Poilievre Slams Carney’s Hidden Conflicts, Demands Real Transparency

Conservative Leader Pierre Poilievre wasted no time responding to the bombshell ethics screen showing Prime Minister Mark Carney is recusing himself from dealings with over 100 companies, many tied to his former employer, Brookfield Asset Management. In a pair of direct and widely shared posts, Poilievre accused Carney of concealing critical financial entanglements from voters during the 2025 election, and warned that the Liberal leader is now either positioned to profit from federal decisions or paralyzed from making them.

“Mark Carney must explain why he kept these conflicts secret from voters until after the election,” Poilievre wrote. “Now he will be in a position to profit from big decisions or will be forced to sit out those decisions altogether. Either way, Canadians will pay the price.”

In a second post earlier that morning, Poilievre challenged the credibility of Carney’s so-called blind trust, urging the Prime Minister to liquidate his holdings entirely and hand the cash to a trustee who can invest it without Carney’s knowledge or influence:

“Otherwise, he will always know how political decisions can affect his personal wealth.”

These statements mark the strongest opposition rebuke yet of the Carney government’s financial entanglements. Poilievre’s message echoes growing public criticism that the ethics screen is little more than window dressing, lacking third-party oversight, and that it fails to address indirect benefit through carried interest, deferred compensation, or spousal affiliations.

While Carney has claimed he is in full compliance with federal ethics laws, the fact that the disclosures were released only after the election is fueling outrage—not just among Conservatives but from broader accountability watchdogs. With over 100 entities flagged, many of them tied to green energy, infrastructure, and climate finance—the same sectors receiving billions in federal spending—the Conservative leader has positioned himself as the voice of those demanding a full forensic audit of the Prime Minister’s interests.

The message from the opposition is clear: if this were a Conservative leader, the media would be calling it a scandal. But because it’s Carney—the global banker, the climate envoy, the Liberal savior—the establishment is looking the other way. Poilievre’s Conservatives aren’t. And they’re turning this into a defining issue of integrity and accountability in Canadian politics.

Let’s Call This What It Is

This isn’t subtle. This isn’t nuanced. This is what a grift looks like—on paper, in public, in black and white. Over one hundred conflicts of interest tied directly to Mark Carney. Entire portfolios of foreign and domestic holdings, billions in green investments, shell companies in Bermuda—and that’s before we even get to his wife’s global consultancy work, advising firms that quietly gobble up federal contracts without a single public tender.

And here’s the thing: we weren’t told any of this during the election. There was no press conference, no headline, no public vetting of the sprawling web of corporate and climate interests now tied to the highest office in the country. Why? Because it would have compromised the Liberal grip on power. Because the last thing this party wanted Canadians to know was that their new leader wasn’t just a banker—but a banker with a boardroom’s worth of financial strings still attached.

Now imagine—just for a moment—if it had been Pierre Poilievre. Or Andrew Scheer. Or any Conservative leader with over a hundred screened entities, global finance ties, offshore SPVs, and a spouse employed by a company collecting millions in government money. The press would be in a frenzy. The CBC would be running specials. They’d be calling him compromised, unfit, a foreign agent.

But because it’s their guy—because it’s the Liberal elite’s banker-in-chief—we’re told it’s fine. It’s all above board. Move along, nothing to see here.

Nonsense. Absolute nonsense.

This is not leadership. This is ideological grifting at the highest level. The Liberal Party, once the party of national unity and democratic accountability, has become a hollowed-out machine for elite interests. They’re not liberals. They’re grifters—grifting for green subsidies, globalist contracts, and personal access to power. They have no principle left. Just consultants, contracts, and a taxpayer-funded narrative to keep the game going.

Enough. Canadians didn’t vote for this. They weren’t told the truth. And now the entire climate agenda, the whole “just transition,” looks more like a get-rich scheme for the political class than any serious public mission.

It’s time for an election. Time to clear house. Time to drain this toxic, green-glossed swamp once and for all.

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Most Canadians say retaliatory tariffs on American goods contribute to raising the price of essential goods at home

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  • 77 per cent say Canada’s tariffs on U.S. products increase the price of consumer goods
  • 72 per cent say that their current tax bill hurts their standard of living

A new MEI-Ipsos poll published this morning reveals a clear disconnect between Ottawa’s high-tax, high-spending approach and Canadians’ level of satisfaction.

“Canadians are not on board with Ottawa’s fiscal path,” says Samantha Dagres, communications manager at the MEI. “From housing to trade policy, Canadians feel they’re being squeezed by a government that is increasingly an impediment to their standard of living.”

More than half of Canadians (54 per cent) say Ottawa is spending too much, while only six per cent think it is spending too little.

A majority (54 per cent) also do not believe federal dollars are being effectively allocated to address Canada’s most important issues, and a similar proportion (55 per cent) are dissatisfied with the transparency and accountability in the government’s spending practices.

As for their own tax bills, Canadians are equally skeptical. Two-thirds (67 per cent) say they pay too much income tax, and about half say they do not receive good value in return.

Provincial governments fared even worse. A majority of Canadians say they receive poor value for the taxes they pay provincially. In Quebec, nearly two-thirds (64 per cent) of respondents say they are not getting their money’s worth from the provincial government.

Not coincidentally, Quebecers face the highest marginal tax rates in North America.

On the question of Canada’s response to the U.S. trade dispute, nearly eight in 10 Canadians (77 per cent) agree that Ottawa’s retaliatory tariffs on American products are driving up the cost of everyday goods.

“Canadians understand that tariffs are just another form of taxation, and that they are the ones footing the bill for any political posturing,” adds Ms. Dagres. “Ottawa should favour unilateral tariff reduction and increased trade with other nations, as opposed to retaliatory tariffs that heap more costs onto Canadian consumers and businesses.”

On the issue of housing, 74 per cent of respondents believe that taxes on new construction contribute directly to unaffordability.

All of this dissatisfaction culminates in 72 per cent of Canadians saying their overall tax burden is reducing their standard of living.

“Taxpayers are not just ATMs for government – and if they are going to pay such exorbitant taxes, you’d think the least they could expect is good service in return,” says Ms. Dagres. “Canadians are increasingly distrustful of a government that believes every problem can be solved with higher taxes.”

A sample of 1,020 Canadians 18 years of age and older was polled between June 17 and 23, 2025. The results are accurate to within ± 3.8 percentage points, 19 times out of 20.

The results of the MEI-Ipsos poll are available here.

* * *

The MEI is an independent public policy think tank with offices in Montreal, Ottawa, and Calgary. Through its publications, media appearances, and advisory services to policymakers, the MEI stimulates public policy debate and reforms based on sound economics and entrepreneurship.

 

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