Mark Carney, the former central banker who steered North America and the UK through financial crises, has triumphed in the race for the Liberal Party leadership, positioning himself to become Canada’s next Prime Minister.
At 59, Carney assumes this role at a critical juncture, as tensions with the US escalate over new trade tariffs announced by President Donald Trump.
The proposed 25% tariff on Canadian goods—excluding automotive and energy sectors—could plunge the country into recession.
Carney, with his extensive economic background, immediately vowed to keep tariffs in place until the US shows respect for Canada, referencing the crisis as a “fight” the country never asked for but is ready to win.
He also called out Conservative leader Pierre Poilievre, labelling him a “career politician” unfit to lead during such challenging times.
While Carney’s victory, with a commanding 85.9% vote share, energizes the Liberals, his transition from corporate titan to political leader isn’t without its hurdles, including past business ties and significant wealth.