Mark Carney becomes Canada’s new Prime Minister

Mark Carney, a former governor of both the Bank of Canada and the Bank of England, has been elected leader of Canada’s Liberal Party, succeeding Justin Trudeau as the country’s prime minister

Carney secured the leadership with 85.9% of the vote.

Carney, 59, is the first Canadian prime minister without prior political experience. In his victory speech, he took a strong stance against U.S. President Donald Trump’s recent trade policies and remarks about potentially annexing Canada, warning that such actions would “destroy our way of life.”

Before entering politics, Carney built an extensive career in finance, working at Goldman Sachs, leading the Bank of Canada through the 2008 financial crisis, and later serving as governor of the Bank of England. His economic expertise has earned him significant support despite his lack of traditional political experience.

Trudeau, who resigned in January amid declining approval ratings and diplomatic challenges, expressed confidence in Carney’s leadership, calling it a new chapter for Canada.

Carney is expected to call a general election soon, where he will face a tight race against Conservative leader Pierre Poilievre.

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