08:36 AM EDT, 03/19/2025 (MT Newswires) -- Mark Carney named a new cabinet after being sworn in as Canada's prime minister, noted Rosenberg Research.

Carnet has taken a few potshots at United States President Donald Trump, attempting to strike a populist and nationalist tone amid a crisis -- but has yet to make any big policy moves, stated Rosenberg Research.

While the polls have tightened markedly in favor of the Liberals, Rosenberg expects that Conservative attacks on Carney -- typing him to former PM Justin Trudeau -- will be effective as the campaign goes on, it added.

Nonetheless, the almost-certain Conservative majority of a few months ago now depends on a strong campaign from the blue team, according to Rosenberg.

For investors, a Conservative win would be more pro-growth, with tax reforms and other structural changes more likely, pointed out Rosenberg. A Liberal minority would likely be less market-positive insofar as that could involve another de facto partnership with the NDP -- blocking most pro-growth reforms and tax cuts).

Nonetheless, just getting the parliamentary election over with, in any form, will help ease political uncertainty and stabilize the Canadian dollar (CAD or loonie), while giving the new government a bit more credibility in the trade war with the U.S., said Rosenberg.