Canada

I can't speak to the US, this is a Canadian community.

Edit: That might have come across as impolite. Here's a summary of the Canadian state of affairs.

In Canada, the leader of the incumbent centre-right party (the LPC) made a series of insensitive and alienating statements that minimized our cost of living crisis between 2023 and 2024. The LPC put a number of policies into place starting in around 2018 that are generally credited with exacerbating the crisis. The right-wing party (the CPC) was able to capitalize on the widespread dissatisfaction with the LPC and looked ready to win government in the 2025 elections.

That changed when the leader of the LPC stepped down and a life-time bureaucrat was elected as the head of the LPC. At this point, support for the LPC and CPC is close, but the LPC has a slight advantage in most polls.

The vote tally for the 2025 election will occur on April 28.

At this point, I don't believe there are any billionaires running in the election. Generally speaking, the wealthy class (such as the Irvings, Rogers family, etc) typically support proxies who will advance their interests. It's rare that they appear in public with politicians. Having said that, the leaders of both the LPC and CPC are life-long government employees that have enjoyed impressive salaries, and are both much wealthier than the general population.

The current leaders of the LPC and CPC are on record as being very wealth-friendly. It is unlikely that either of them would make any changes that would address the root causes of our cost of living crisis - that would require significant changes to how real estate and businesses are taxed, etc. It's fair to say that the LPC would probably offer more bandaid solutions, so that is fairly positive.