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Market Impact: 0.35

Quebec Election Starts Amid Tensions With US, Separatists Lead in Polls

Source: Bloomberg

Elections & Domestic PoliticsTrade Policy & Supply ChainGeopolitics & War

Quebec’s election campaign has officially started, reviving the secession wedge issue while the Canada–US trade war escalates. The combined political uncertainty and worsening trade tensions are a mild headwind for regional sentiment and cross-border economic expectations. Near-term market impact is likely more focused on risk appetite and trade-exposed names than on a broad macro repricing.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

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