Tyler Meredith, a Senior Fellow at the Munk School of Global Affairs, offers insightful analysis on the unfolding fall fiscal update. The discussion reveals the government's attempts to ease financial pressures with new initiatives like a GST holiday while grappling with a hefty $40 billion deficit. Meredith highlights the challenges of budgeting in a minority parliament and the looming threat of U.S. tariffs, which could severely impact Canada’s economy. This is a crucial moment for the Liberals as they navigate economic uncertainty and potential re-election strategies.

In this conversation, Laura Osman, a political reporter for The Logic, and Tyler Meredith, former economic advisor to Justin Trudeau, delve into the implications of Trudeau's resignation. They discuss the internal battles within the Liberal Party and the pressures from global leaders like Donald Trump. The pair also speculate on potential successors and the urgency for a fresh political vision as the party navigates a challenging landscape. The emotional impact of Trudeau’s legacy and its effect on future elections becomes a central theme.