Mark Carney becomes Canada's new prime minister, replacing Justin Trudeau
Former Bank of England chief Mark Carney has taken office as Canada’s prime minister after a decisive victory in the Liberal Party leadership election, securing 85.9% of the votes.
Photo: Bank of England, CC BY-ND 2.0
Former Bank of England and Bank of Canada chief Mark Carney has become the new prime minister, replacing Justin Trudeau in this position.
He secured a convincing victory in the Liberal Party leadership race, winning 85.9% of the votes.
His appointment comes amid an economic crisis and increasing pressure from the United States.
In his victory speech, Carney stated that tariffs imposed by U.S. President Donald Trump are damaging the Canadian economy and promised countermeasures.
He emphasized that Canada will not allow America to dictate its terms. "Trump is trying to destroy our economy, but we won’t let him do that," he said.
Previously, Carney held key positions in the financial sector, and in 2013, he became the first foreigner to lead the Bank of England.
His economic experience became a key argument in his election campaign, especially amid the crisis and rising prices.
Justin Trudeau, who had held office since 2015, announced his resignation in January following criticism from fellow party members. He is expected to remain in office until Carney's inauguration.
The new prime minister will have to make an important decision regarding the date of the general elections, which must take place no later than October 20.