Summary
Mark Carney has been elected as the new Liberal Party leader in Canada with a commanding 85.9% of votes, following Justin Trudeau’s resignation.
The former Bank of Canada and Bank of England governor will become Canada’s 24th prime minister within days.
In his victory speech, Carney took aim at both Donald Trump and Canadian Conservative Leader Pierre Poilievre, vowing to maintain Canada’s tariffs until Americans “show us respect.”
Carney, despite never holding elected office, enters leadership as Canada faces trade tensions with the U.S. and a potential early election. He must secure a parliamentary seat and finalize the transition with Trudeau.
Canada’s new PM is a banker with no political experience—what could possibly go wrong? Clear reporting but lacks deeper analysis of Carney’s potential strategies.
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Carney was governor of the Bank of Canada during the 2008 crash, and did so well that Canada climbed out of the recession/depression quicker than most other nations.
He then went on to become the first non-UK citizen (since the 1600s) to lead the Bank of England during the Brexit crisis. He advised Boris Johnson to not go through with it, but Boris decided to anyway. Many believe that is why the UK has, until recently, held onto a relative economic stability – but even now are also discussing trying to rejoin the EU.
I watched Carney back in 2008-09 when he spoke to Parliament … he didn’t lie, he never waffled on the possible dangers we faced, and he worked hard to pull us through.
He is a different kind of man, and a different kind of economist. He’ll do great as our PM.
Carney’s economic record is stellar, but governing demands more: public trust, coalition-building, and political foresight.
His leadership during the 2008 crash and Brexit showcased technical brilliance, yet these roles lacked the messy compromises of politics. Advising Boris Johnson was impactful, but it’s not equivalent to leading a nation divided by ideology.
Integrity matters, but so do adaptability and vision—qualities Carney hasn’t demonstrated in the political arena.
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Stop selling us to Carney, we are fairly happy with an option that looks strong enough to avoid maple maga PP
And yet Carney doesn’t exist in a vacuum.
I would opine that the other party leaders are MORE susceptible to the criticisms you leveled at Carney.
PP has shown no ability or interest in forming coalitions or an ability to adapt to changing situations. He has no successes to his name in or out of parliament. What he HAS shown is an affinity for gotchas, sloganeering and playing political games with national security (does he even have clearance yet?)