7 C
New York
Monday, March 10, 2025
pCloud Premium

Mark Carney, ex-central banker, to become Canada’s next prime minister



250309 mark carney wm 403p 8b575d

TORONTO — Former central banker Mark Carney will become Canada’s next prime minister after the governing Liberal Party elected him its leader Sunday as the country deals with U.S. President Donald Trump’s trade war and annexation threat, and a federal election looms.

Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remains prime minister until his successor is sworn in in the coming days. Carney won in a landslide, winning 85.9% of the vote.

Carney navigated crises when he was the head of the Bank of Canada and when in 2013 he became the first noncitizen to run the Bank of England since it was founded in 1694. His appointment won bipartisan praise in the U.K. after Canada recovered from the 2008 financial crisis faster than many other countries.

The opposition Conservatives hoped to make the election about Trudeau, whose popularity declined as food and housing prices rose and immigration surged.

Trump’s trade war and his talk of making Canada the 51st U.S. state have infuriated Canadians, who are booing the American anthem at NHL and NBA games. Some are canceling trips south of the border, and many are avoiding buying American goods when they can.

The surge in Canadian nationalism has bolstered the Liberal Party’s chances in a parliamentary election expected within days or weeks, and Liberal showings have been improving steadily in opinion polls.“We have made this the greatest country in the world and now our neighbors want to take us. No way,” Carney said.

After decades of bilateral stability, the vote on Canada’s next leader now is expected to focus on who is best equipped to deal with the United States.

Carney has picked up one endorsement after another from Cabinet ministers and members of Parliament since declaring his candidacy in January. He is a highly educated economist with Wall Street experience who has long been interested in entering politics and becoming prime minister, but he lacks political experience.

The other top Liberal leadership candidate was former Deputy Prime Minister Chrystia Freeland. Trudeau told Freeland in December that he no longer wanted her as finance minister, but that she could remain deputy prime minister and the point person for U.S.-Canada relations. Freeland resigned shortly after, releasing a scathing letter about the government that proved to be the last straw for Trudeau.

Carney is expected to trigger an election shortly afterward. Either the new Liberal party leader will call one, or the opposition parties in Parliament could force one with a no-confidence vote later this month.




Source link

Odisha Expo
Odisha Expohttps://www.odishaexpo.com
Odisha Expo is one of the Largest News Aggregator of Odisha, Stay Updated about the latest news with Odisha Expo from around the world. Stay hooked for more updates.

Related Articles

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
Best Lifetime Deals on SaaSspot_img

Latest Articles

Tokyo marks 80th anniversary of U.S. firebombing that killed 100,000 in a single night

0
TOKYO, Japan — More than 100,000 people were killed in a single night 80 years ago Monday in the U.S. firebombing of Tokyo,...

‌IND vs NZ | Twitter and Akash Chopra gutted as Shami replicates caught and...

0
Controlling one's emotions can be difficult in pressure circumstances, and it was evident with Aakash Chopra, seated in the commentary box at the...

‘There’s going to be no recession in America’

0
Commerce Secretary Howard Lutnick said Sunday that Americans should “absolutely not” brace for a recession as President Donald Trump said the United States...

Indian Wells: Katie Boulter & Cameron Norrie lose in third round

0
Playing her first tournament since January's Australian Open because of a foot injury, Boulter received a first-round bye as the 25th seed.Former Wimbledon...

Who Is RJ Mahvash? Mystery girl shares photos, videos with Yuzvendra Chahal after India’s...

0
The India vs New Zealand Champions Trophy 2025 final not only celebrated India’s long-awaited win but also stirred buzz online for reasons beyond...