News Brief
Mark Carney
In a decisive victory, Mark Carney has been elected as the new leader of Canada’s Liberal Party, securing 85.9 per cent of the votes in the party’s leadership election, as reported by The Hindu.
The former central banker is now set to succeed Prime Minister Justin Trudeau, but his tenure may be short-lived, with national elections expected by October 2025—or potentially even sooner, should he choose to call an early vote.
In his victory speech, Carney made it clear that he intends to take a tough stance against US President Donald Trump, accusing the American administration of attempting to exert control over Canada’s resources, land, and economy.
“The Americans want our resources, our water, our land, our country,” Carney said to an enthusiastic crowd in Ottawa, as quoted by The Hindu.
This assertive rhetoric suggests that Canada’s relationship with its largest trading partner could face heightened tensions in the months ahead.
Though Carney has never held elected office, he brings a formidable financial and policy background to his new role. He has served as the Governor of both the Bank of Canada and the Bank of England.
Since leaving the Bank of England in 2020, he has worked as a United Nations envoy focused on climate finance and held senior private-sector positions.
His main rival in the leadership race, Chrystia Freeland, a long-serving cabinet minister under Justin Trudeau, was soundly defeated.