Significant losses continued on the markets on Monday after U.S. President Donald Trump didn’t deny the possibility of a recession. Business Analyst Kris McCusker looks at how bad the damage was and the wider recession fears.

The new Liberal Party leader met with his caucus and the outgoing Prime Minister, and says the transition of power will be quick and seamless. Nobody seems certain when the election will be, but opposition parties say they’re ready.

NDP leader Jagmeet Singh said he’ll be ready if new Liberal leader Mark Carney decides to call a snap election. Singh wants to see the government pass several supports for workers who are impacted by tariffs prior to an election being called.

Conservative leader Pierre Poilievre took aim at incoming Prime Minister Mark Carney’s track record of managing the economy. The criticism comes ahead of a potential federal election call.