Over the past three years, the Bank of Canada has undertaken one of the most dramatic interest rate cycles in modern history, first hiking rates aggressively to tame inflation, and now gradually beginning to ease as economic momentum slows. This shift marks a key inflection point for Canadian households, businesses, and policymakers.

Canada is once again facing internal fractures. This time, it’s not from the East, but the West. The Alberta separatist movement, once fringe and largely symbolic, has gained new momentum amid economic grievances and political frustration. The parallels to Québec’s past sovereignty campaigns are striking—and they pose serious implications for Canada’s economic and political cohesion.

After nearly a decade of Justin Trudeau’s leadership, Canada has entered a new chapter with Mark Carney at the helm. His election as Prime Minister signals a shift toward economically focused governance during a time of significant uncertainty—both domestically and globally. For business leaders, investors, and policy watchers, the key question is: What happens next?