Is the pain of the K-shape economy bleeding into the middle class?

It’s already political legend. In 2025, Justin Trudeau stepped down as prime minister just as Pierre Poilievre’s Conservatives cruised toward a massive majority government. Within weeks of Mark Carney taking the helm of the Liberals, the political landscape was transformed. By April, the Liberals had secured another mandate—a turnaround with virtually no precedent in Canada in terms of scale and timing, and one that few observers would have predicted at the start of the year. Yours truly included. And yet, beneath that dramatic reversal, one crucial segment of the electorate didn’t...