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Central banker to PM, Carney's arc to top job

Hindustan Times Noida

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April 30, 2025

Prime Minister Mark Carney, whose Liberal Party won Canada's elections on Monday, is a two-time central banker and crisis fighter who now faces his biggest challenge of all: steering Canada through US President Donald Trump's tariffs.

- Reuters

OTTAWA:

Carney, 60, had never held office, which would in normal times have undermined his candidacy in Canada. But a high-profile banking career played to his advantage, with the Liberal leader arguing he is the only person prepared to handle Trump.

"Unlike Pierre Poilievre [Conservative rival], I've managed budgets before. I've managed economies before. I've managed crises before. This is the time for experience, not experiments," he told reporters last week.

Carney was elected Liberal leader in March, replacing then Prime Minister Justin Trudeau, who resigned amid low approval ratings after nearly a decade in office.

Carney was the first person to become Canadian prime minister without having experience as a legislator or Cabinet member. He quickly axed an unpopular carbon tax on consumers and capital gains tax measures, then called the elections, stressing the need to stand up to Trump.

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EU’s biometric checks: What non-EU citizens need to know

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The new great game in Af-Pak

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Asian Cup qualifiers: India eye CAFA Cup repeat in Singapore

India resume their quest to qualify for an unprecedented third successive Asian Cup finals in Singapore on Thursday.

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Lord's Mark secures US FDA registration, boosting Indian healthcare manufacturing

Lord's Mark Industries Limited has received US FDA registration for its range of surgical consumables, orthopaedic supports, and hygiene products, marking a major milestone in its global expansion and reinforcing India's position in the international healthcare supply chain.

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Centre seeks time to frame cracker policy

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Sergio Gor confirmed as US envoy to India

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6 killed in firecracker unit blaze in Andhra

Atleast six people, including four women, died and eight others were injured in a major explosion in a firecracker unit in Andhra Pradesh’s B R Ambedkar Konaseema district on ‘Wednesday afternoon, police said.

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