Canada will have a new leader for the first time in a decade. Mark Carney will become the 24th Canadian prime minister after being elected leader of the country's Liberal Party on Sunday. Carney will replace Prime Minister Justin Trudeau, who has led Canada since 2015.
Carney was elected the Liberal Party leader in a landslide despite never having served in elected government before; he was previously a banker. It also remains unclear how long Carney will be able to hold power. But for now, he will lead a nation at odds with the U.S., one of its closest allies.
Carney's beginnings Carney, 59, was born in Canada's Northwest Territories and attended Harvard University and Oxford University. He "began his career in the private sector, spending over a decade in the London, Tokyo, New York and Toronto offices of Goldman Sachs," said NPR.
He ran the Bank of Canada from 2008 to 2013, during the "global financial crisis," said NPR. He then ran the Bank of England from 2013 to 2020, making him the "first non-Briton appointed to do so."
Leading Canada Carney will enter Canadian politics facing a mountain of challenges. As a political outsider, his background "would in normal times have killed his candidacy" in Canada, but his "distance from unpopular incumbent Justin Trudeau and a high-profile banking career played to his advantage," said The Guardian.
His most pressing matter will likely be the trade war between Canada and the United States. President Donald Trump's Canadian tariffs are the "greatest crisis of our lifetimes," said Carney in his victory speech. If the tariffs succeed, they "would destroy our way of life."
Carney has also stood firm against Trump's threat to make Canada the 51st state. Canada "never, ever will be part of America in any way," he said. The U.S. "should make no mistake: In trade, as in hockey, Canada will win."
Carney's conservative opponents are working to spotlight his lack of government experience. Since he's not a member of Parliament, Carney "cannot cast a ballot in parliamentary votes," said The Washington Post. His "reconstituted Liberal government is likely to be short-lived," said Reuters. Canada's federal elections must be held by Oct. 20, but Carney is likely to call them earlier to fend off his opposition. |