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Avi Lewis Wins Federal NDP Leadership in First-Ballot Victory

Avi Lewis, who was proclaimed as the new leader of the NDP, speaks at the party convention in Winnipeg Sunday, March 29, 2026. Filmmaker and longtime activist Avi Lewis has been elected the new leader of the federal New Democratic Party , securing a decisive first‑ballot win with nearly 40,000 votes out of roughly 71,000 cast . His victory marks a significant shift for the party as grassroots members push for a more unapologetically left‑wing direction.  Lewis’s win signals renewed momentum for the NDP after a difficult federal election year. His campaign championed bold proposals—including expanding public ownership in key sectors—and emphasized rebuilding the party from the ground up. He inherits a party reduced to six seats in the House of Commons and facing internal tensions over energy policy, particularly from Alberta and Saskatchewan NDP leaders who warn his positions could harm workers in their provinces.  In his victory speech at the Winnipeg convention, Lewis call...
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Fiscal Challenges Ahead: U.S. Bonds Face Uncertainty Under Trump’s New Term

 

As Donald Trump begins his new term as U.S. President, the fiscal landscape presents significant challenges that could impact the nation’s bond market. The prospect of rising government debt levels has already influenced investor sentiment, pushing U.S. government bond yields higher.

Trump’s trade and tax policies are expected to reignite inflation, exacerbating the fiscal strain. This scenario has led to concerns among investors, often referred to as “bond vigilantes,” who may dump government debt over worries about increasing deficits. The benchmark 10-year Treasury yield has already risen to 4.479% in response to these concerns.

A critical hurdle for the new administration will be the reinstatement of the federal debt ceiling on January 2, 2025. This ceiling, which was suspended in 2023, must be approved by a majority of lawmakers. Past disputes over the debt limit have brought the country close to default, affecting its credit rating.

Analysts predict volatility in the bond market around these negotiations, even if a default is avoided. Measures such as Treasury puts or credit default swaps might be used to hedge against this volatility. The Treasury Department may need to employ extraordinary measures to fund the government until the so-called X date, when it can no longer meet all its obligations.

In summary, Trump’s presidency is expected to bring fiscal challenges that could strain the U.S. bond market, with rising deficits and potential volatility as key concerns for investors.


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