Former Bank of England and Bank of Canada governor Mark Carney is considering entering the race to replace Justin Trudeau as Canada's prime minister. Trudeau's resignation opens the door to a fierce party race before a general election later this year. Carney, who has a diverse internationalist résumé, is seen as having the experience to guide Canada through a period of economic instability.
Supporters of former Bank of England and Bank of Canada governor say he has experience to lead in period of instabilitygovernor Mark Carney , a climate-focused economist who became the first non-Briton to run the Bank, is considering entering the race to replace Justin Trudeau as Canada’s prime minister.he would step down after nearly 10 years in power once his ruling Liberal party chose a new leader, throwing open the doors to a fierce party race before a general election later this year.
Trudeau’s decision to resign came amid fears that tariffs imposed by Donald Trump, the incoming US president, could devastate Canada’s economy. Carney’s supporters see him as having the experience to guide the country through a period of instability. The former banker has a diverse, internationalist résumé, including as chair of Brookfield Asset Management, a large Canadian alternative asset manager, and as UN special envoy for climate action and finance.
He holds Canadian and Irish citizenship, and gained British citizenship in 2018. In September, the Liberal party announced Carney would lead a taskforce on economic growth. However, the Liberal party is in a tough position, with the opposition Conservatives expected to win a majority government under current polling. The Conservative party leader, Pierre Poilievre, hason Friday, before Trudeau’s announcement, found Carney was in second place among candidates likely to replace Trudeau as Liberal leader.
Mark Carney Justin Trudeau Canadian Politics Liberal Party Economic Instability
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