Mark Carney has been confirmed as Canada’s new Prime Minister, replacing Justin Trudeau. Carney, a former governor of both the Bank of Canada and the Bank of England, won the Liberal Party leadership race with an overwhelming 85.9% of votes. His appointment comes at a critical time as tensions escalate with U.S. President Donald Trump, who has imposed a 25% tariff on Canadian goods and hinted at annexing Canada as the 51st U.S. state.
Despite having no prior political experience, Carney is widely respected for his role in managing financial crises, including the 2008 global recession and post-Brexit economic instability. In his victory speech, he strongly opposed Trump’s threats and vowed to defend Canada’s sovereignty. His immediate priorities include implementing retaliatory tariffs and exploring trade diversification strategies to reduce reliance on the U.S. economy.
Carney is expected to call for an early election to strengthen his political mandate. With growing support, he will face challenges from the Conservative Party and navigate a complex political landscape. His leadership will be closely watched as Canada seeks to counteract U.S. economic pressure and assert its independence on the global stage.
