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From The Lobby - Shifting Polls and Tariff Wars
Episode 2216th April 2025 • Perspectives – Legal Voices on Business • Fasken
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Dan Brock: Welcome to the view from the lobby, I'm Dan Brock.

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The federal election campaign is well underway, running as it is against the backdrop of a growing tariff war between the United States and,

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well, everyone else in the world. With less than 20 days to go to Election Day,

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we thought it would be a good time to speak with our Fasken political experts to get their perspective on how the contest is unfolding and

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what to expect between now and April 28th.

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Joining me for this discussion from the Fasken Government Relations and Political Law group are Alex Steinhouse,

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Andrew House, and Guy Giorno. And joining from the room here in Toronto.

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Our special guest, David Lametti. Gentlemen, welcome to the lobby.

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Alex Steinhouse: Thanks. Thanks for having us.

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Dan Brock: Alex, I wanted to start with you. You know, except for the massive change in the polls when Mark Carney took over.

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Since the writ has dropped the the trend, the polling trend has been pretty consistent.

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The liberals. Now, depending on which aggregate aggregator you look at as somewhere between a seven and a ten point lead nationally,

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and that lead seems to be solidifying.

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So I wanted to know from you what what from your perspective, with half of the campaign period now through what from your view has been noteworthy in

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the campaign so far?

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Alex Steinhouse: Yeah. Thanks, Dan. Look, Trump is obviously the story of this election campaign.

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And you know, it's as he likes to be.

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But I thought I could talk a little bit about two unintended spin offs from Mr.

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Trump. One of them that I've been really fascinated by are well-trodden assumptions about our federation are just completely falling by the

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wayside throughout this campaign, and we were all following it.

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And we'll see what the final product looks like.

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But we're talking about having finally an internal free trade agreement by Canada Day across this country.

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And this was after many years of failed overtures in that respect.

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But really even more surprising throughout this campaign has been this budding consensus for sort of an east west energy corridor.

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And that would include Quebec. Now we'll see how this plays in the debates.

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It'll be an English and French debate next week.

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But as things stand right now, the Bloc Quebecois has been campaigning against the inclusion of Quebec and it hasn't been gaining

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traction. And the Quebec premier has been open to it.

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And so you have both the Liberals and Conservatives and seemingly Quebec open to an east west energy corridor.

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That's a shocking development for me.

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You know, the same goes with fast tracking energy and resource projects.

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It's hard to see much of a difference between the Liberals and Conservatives in this respect. Both are campaigning on it and the provinces are pretty

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mum in opposition to it. It kind of leads me to just the entire environmental agenda.

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And some of you may have seen this, but CBC sort of has this political compass that they do throughout election campaigns,

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and they've done an early assessment of what voters are fixated on.

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It comes as no surprise as Trump is, number one, the economy is number two.

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But way down the list now is the environment at number eight.

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There was a top three, top five concern in previous elections, and it's just not there for Canadians.

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The second thing that's sort of struck me more generally about this campaign as a spill-over from Trump,

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are just a provincial political dynamics.

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You know, we've all been following and most of you are in Toronto, Premier Ford with with the call with Pierre Poilievre,

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you know, Pierre Poilievre finally calling him asking for help.

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And Ford responding that his caucus and his party apparatus are just too busy to help him kind of thing,

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while inviting Prime Minister Carney to that nice little diner on the corner of his street in Etobicoke.

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Having Chrystia Freeland smiling for the cameras at his swearing in.

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That's a major provincial dynamic. That's that's stark.

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The Premier of Nova Scotia, Progressive Conservative, wrote a long Facebook post where he glowingly

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talks about Prime Minister Carney. You have Premier Legault in Quebec politically weakened as he is compared to the last election,

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but he's not dipping his toes into these waters.

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He's certainly not helping the Conservatives, not helping the Bloc. You know, it's an opening for the Liberals. Then you have

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the NDP Premiers. It's remarkable to see Carney have beautiful photos with the Premiers of Manitoba and British Columbia at their legislators

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during an election campaign. Normally, they're supportive of their federal cousins,

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but they're, you know, seen a lot with the photos.

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And then the last Premier of note is is in Alberta is Premier Daniel Smith.

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And while she's obviously not directly helping Carney, indirectly, it's a whole different story of every time she comes out in the campaign.

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It's leading to a lot of pain and trouble for Mr.

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Poilievre.

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Dan Brock: Andrew, let me bring you in here. So we talk about the polls and, you know,

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it's hard not to see the trend sort of heading in one direction.

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What's happening inside the Conservative campaign?

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Andrew House: Well, we've moved from a place where there were a lot of processed stories about infighting and disagreements and leadership.

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And I think, thankfully for the Conservatives, those stories have gone away.

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The campaign seems to have found its footing.

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The polls, though they are not rosy for the Conservatives, are improving.

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You know, if you're looking at trend lines and you want to look at the polls in a certain way, things are getting slightly better for the

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Conservatives. What's probably happening is that more and more voters are digging into their positions and you're getting flat,

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more flat trends forming. So if you're like me, you obsessively look at the the vote aggregators,

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and I don't want to cause any more people to do that than are already doing that in the in the world of those interested in politics.

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But right now we stand at 191 for the Libs in terms of seats and 125 for the Conservatives.

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That, again, is not a rosy picture, but you've got a debate forming about about quantity versus quality of support.

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And this is where the rallies come in.

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And we're also hearing endlessly about Mr.

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Poilievre's rallies, especially one in which Mr.

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Harper, the former Prime Minister, was the introducer and there were 15,000 people in attendance.

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That's not nothing that stands for something.

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It means excitement. It means that that base of support is energized.

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And you can have trendlines going in a number of directions.

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But but the poll that counts, of course, is election day.

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And if your get out the vote team is already benefiting from a very, very motivated base of voters who are going to go to those polling

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stations, you can put a huge dent in otherwise polls.

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That may be not inspiring at this point, and we still have time left in this campaign.

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Dan Brock: Okay, Guy, let's bring you in here. From my perspective, an interesting campaign in many ways,

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but most notably for me was you have a sitting prime minister, admittedly without a seat in the House of Commons yet,

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but a sitting Prime Minister not once but twice, basically suspending his election campaign to return to Ottawa to convene a committee of

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his special committee dealing with Canada, U.S. relations, to coordinate calls with Premiers and to take a call or make a call,

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depending on who you talk to with the president of the United States.

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So is this unusual? How unprecedented is this kind of crisis and campaign happening at the same time?

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Guy Giorno: So it's not unprecedented. And in fact, you know, while there's an election campaign and there's no parliament, Parliament's being

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dissolved, the Prime Minister is still the Prime Minister. Ministers still have the responsibilities. And while the caretaker

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convention prevents them from using the tools of government for partisan advantage,

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they're still supposed to do their jobs. And that means that the crisis there is and there's precedent for Prime Ministers to to pause their

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election campaigns. We've had prime ministers like Paul Martin, you know, leave in the middle of a campaign to attend a G7 summit because that's the

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nation's business. During the 2008 campaign, Stephen Harper didn't interrupt his,

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his, his his public activities. But he absolutely, you know, spent a lot of time dealing with the the fallout from the financial crisis.

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You couldn't have had a worse convergence of events.

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Election was called September 7th, 2008.

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Lehman brothers collapses a week later.

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And, you know, decisions had to be made before the election, including Bank of Canada liquidity measures.

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Those were those were mostly implemented independently. But CMHC had to buy back billions of dollars of of mortgages and that to to make

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credit available for financial institutions to lend. So yeah, you would expect in fact it would be,

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it would be delinquent. It would be irresponsible of a of a Prime Minister and a government not to take time off a campaign to deal with crises,

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because that's what. That's what their job is.

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Dan Brock: Now, again, what's interesting is in some ways it's a normal campaign.

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The different campaigns are making announcements. I think the liberals are probably making fewer and thinner announcements than some of the opposition

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parties are. Maybe that's to be expected given the polling, but I can't help but think that the the optics,

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the news coverage of the Prime Minister attending the government's business is is great from a campaigning point of view for for the liberals

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maybe to Andrew and and Alex, are you either are you surprised by Carney's popularity and his sustained popularity?

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I mean, he's the only national leader with a net positive rating, and it's a significant positive rating on the polls.

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55% favourable, 35% disfavorable. Any of you, either of you surprised that this person who many people know,

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but he's never been a political actor before, is just sustaining his popularity through through this period?

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Andrew House: I think he just presents he presents such a contrast to Mr.

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Trump that I think people appreciate that he brings a lot of the trappings of leadership.

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Where where he's going to suffer is, I think as we get up to the debate, two debates,

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one of which will be in a language that he is not comfortable in, which will obviously be dominated by by Mr.

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Blanchet, the leader for the Bloc. And and Pierre Poilievre is very comfortable in French and is very polished in his debating skills.

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If there is an opportunity to have an additional turning point, although debates usually don't provide those gotcha moments any more than court

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cases do, that may be the moment. That may be the moment where Mr.

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Poilievre finally gets a solid foothold and lays a glove on Mr.

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Carney in a way that will move the polls.

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And that's where you'll you'll see the energizing of of his support base even further.

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While some people who are maybe Liberal Conservative switchers take a second look at Mr.

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Poilievre. But Mr. Carney Undisputedly ah indisputably I should say has, has,

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has been very fortunate that he gets to wear a hat that that rests nicely on his head,

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which is the role of Prime Minister in the midst of what should have been a bare knuckles political campaign,

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and that that's been to his advantage.

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Dan Brock: So, Alex, I'll come back to you in a second, but maybe let me use this opportunity to get David into the conversation. So David Lametti is here

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with us in Toronto. David, you know, Mark Carney, you went to Oxford with him.

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You played hockey with him. You were involved in the in the creation, helping him organise his cabinet and assisting with his transition and also

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going out and recruiting candidates. So you know him, but you've known him a long time.

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You've been a politician. Does any of this surprise you about his performance to date and where he's at in the polls?

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David Lametti: Thank you. It's great to be here. I'm not surprised in the sense that, first of all,

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Mark's always been the smartest guy in the room, and he exudes that, actually.

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He's got that confidence that goes along with it. But but the nature of the campaign thus far has been economics.

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Trade with Trump, economic matters, economic measures, tariffs.

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That's his wheelhouse. I mean, he is he's giving answers that don't require him to be briefed.

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And and people see that authenticity in his answers.

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So he's really been so far the campaign has been playing to his strengths.

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Right. So he's he's shown that confidence.

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Seen it seen it in briefings. But I've also seen it in his public interactions.

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Dan Brock: Looks like he's enjoying the interaction. I mean, if you've watched him on I.

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David Lametti: Think that I think that's right. I think that's absolutely right. So as the campaign goes on, if the issues expand,

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if if there remains a kind of calm with Trump, then we may see him have to have to pronounce on other issues where which maybe won't be in his

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wheelhouse. The other thing I would add to what Andrew is saying, I do think the numbers will start to to tighten with the difference between

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the Liberals and the Conservatives. But the thing that hasn't been mentioned yet is,

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even if Mr. Poilievre's support solidifies, that Conservative base is much more of a base.

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That that floor is is a much stronger floor.

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I think you may see further bleeding from the NDP and the and the Bloc vote as it exists,

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as people think the Conservatives are getting stronger.

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Those votes will those Bloc and NDP votes will tend to bleed towards the Liberals.

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Dan Brock: Historically, the Liberal vote is more efficient.

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So I mean, I understand don't want to dispute the aggregating machines, Andrew,

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but a Liberal party polling at 40%, that's a 220 seat majority.

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I mean, there's just their vote is spread across.

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That means a collapse of the NDP. So I think that that's you know, that's where we're at right now.

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I guess it remains to be seen whether whether we stay there.

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Maybe I'll just. Alex, I'll start with you on this last question, but what should we expect now over the next 19 days,

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between now and voting day on the campaign.

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What are we looking for?

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Alex Steinhouse: This campaign is flying by. The debates, as I mentioned, are next Wednesday and Thursday.

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English and French in Montreal. And we'll be looking for some movement shifts there.

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But frankly, advanced ballots are the next day, Friday through Monday, Easter weekend.

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And that's more and more when people are voting and the parties put out their apparatus and get everyone to vote.

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So you have a you have a situation by next Monday, Tuesday that somewhere of along the lines of 40% of those who are going to vote have already voted.

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So this next week is going to be critical.

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Conservatives will try to pivot their campaign into getting to the issues where they're stronger,

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and President Trump is monopolizing the news space, and it's going to be hard to do that.

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So that's sort of what I'm watching.

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Dan Brock: Guy with a ten point lead 19 days to go.

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Is there historical precedent for a turnaround?

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Around.

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Guy Giorno: Yeah. There is a nd there isn't. I guess if you were to look at, like, all the elections from 1984,

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I think there have been 12 in that period of time won.

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Exactly one third of them were elections where the party that had a clear lead at the beginning stayed and maintained that lead to the end.

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Another third were elections, where a party had a clear lead at the beginning and it swept, and that switched and that party

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lost the election. And then the other third are elections where the lead went back and forth.

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So really anything can happen. Although, you know, time is running out for there to be that type of a shift.

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But there have been shifts in the last two, three weeks of a campaign sometimes.

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Dan Brock: Andrew, before we go to Q and A last word to you.

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Andrew House: I would watch for the Conservatives to try to correct what was probably a tactical error of the past,

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which is which was failure to cooperate with the NDP or even bully the NDP into seeing to their own best interests.

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So watch for everyone versus Mark Carney at the debates where especially on things like tax havens.

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Past corporate performance. The Conservatives and the NDP have a vested interest in cooperating and coordinating in some way to make sure that that is

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a really bad night for Mark Carney . If they can't do that, I think this thing starts to starts to be over in a way that is consistent with the polls

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that you're seeing right now.

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Dan Brock: Listen, I think that's a good place to end.

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So Guy Giorno, Alex Steinhouse, Andrew House, David Lametti, thank you very much for joining me in the lobby

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today.

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Andrew House: Thanks, Dan.

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Guy Giorno: Thanks, Dan.

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David Lametti: Thanks. Dan.

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