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Trudeau no confidence motion passes in 2024?
This market will resolve to "Yes" if a motion of no confidence passes in the Canadian House of Commons between September 3 and December 31, 2024. Otherwise, this market will resolve to "No". Motions of no confidence that are voted on but do not pass the House of Commons will not count toward the resolution of this market. The primary resolution source for this market will be official information from the government of Canada, however a consensus of credible reporting will also be used.
Event Details
Total Volume: $31.3K
24h Volume: $469
Total Liquidity: $1.8K
Markets: 1
Event Ends: 12/31/2024
Event Analysis
Summary
The question of whether a no-confidence motion will pass against Canadian Prime Minister Justin Trudeau between September-December 2024 sits at a critical juncture. Recent polling shows Trudeau's popularity at historic lows, with 72% of Canadians wanting him to step down according to recent Ipsos polling. The Conservative Party under Pierre Poilievre has maintained a significant lead in national polling.
However, the parliamentary mathematics and political dynamics suggest that while Trudeau faces significant challenges, the likelihood of a successful no-confidence motion remains low. His minority government maintains working relationships with the NDP, and the fractured nature of opposition parties makes coordinating a successful no-confidence vote difficult. While political pressures are mounting, the structural barriers to passing such a motion provide strong protection through 2024.
Analysis
Political Background
- Trudeau leads a minority government with 155 MPs
- Conservatives hold 118 seats, with remaining seats split between BQ (32), NDP (24), and others
- Recent polling shows Conservatives leading by up to 17 points nationally
Current Government Position
- Maintaining supply and confidence agreement with NDP
- Facing historically low approval ratings (~9% find Trudeau most appealing leader)
- Key challenges around housing affordability, inflation, cost of living
Scenario Analysis
Scenario 1: No-Confidence Motion Passes (8.5%)
Requirements:
- Opposition parties unite successfully
- NDP withdraws support from Liberals
- Significant scandal or crisis emerges
- Timing aligns with opposition strategy
Scenario 2: No Motion Passes (91.5%)
Supporting factors:
- Parliamentary math favors government
- Opposition coordination challenges
- NDP incentivized to maintain agreement
- Historical precedent of minority government stability
Key Factors to Watch
-
Public Opinion
- Continued erosion of Liberal support
- Conservative polling momentum
- Regional voting patterns
-
Economic Conditions
- Inflation trends
- Housing market
- Employment figures
-
Political Developments
- NDP-Liberal agreement stability
- Potential scandals
- Cabinet reshuffles
- Provincial election results
-
International Context
- U.S. election impact
- Global economic conditions
- International conflicts
Recent Developments
- Polling shows 72% want Trudeau to step down
- Conservative lead maintains at 17 points
- Economic challenges persist around housing and inflation
- Growing speculation about Liberal leadership change
Prediction
I predict a no-confidence motion will NOT pass against Trudeau in the September-December 2024 window. While political pressures are significant, the parliamentary mathematics and strategic considerations make success unlikely. I estimate a 90% probability of no successful motion, with a 10% chance of success if multiple unlikely factors align. This aligns closely with current market pricing.
Trudeau no confidence motion passes in 2024
Yes:10.0%
No:90.0%
Confidence: 8/10
Reasoning Score: 9/10
Sources
- https://sputnikglobe.com/20231129/over-70-of-canadians-want-trudeau-to-step-down--poll-1115282109.html
- https://www.ctvnews.ca/politics/with-trudeau-s-liberals-in-trouble-is-mark-carney-the-answer-1.6979158
- https://www.ourcommons.ca/Members/en/party-standings
- https://www.338canada.ca/p/conservatives-surging-liberals-dwindling