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Mark Carney Wins Liberal Race to Be Canada's Next PM

Business Standard

|

March 11, 2025

He managed financial crises, then Brexit, and will now try to steer Canada through Trump's trade war

- ASSOCIATED PRESS

Mark Carney Wins Liberal Race to Be Canada's Next PM

Canada's next prime minister has helped run two Group of Seven economies in crisis before and will now try to steer Canada through a looming trade war brought by US President Donald Trump, a threat of annexation and an expected federal election.

Former central banker Mark Carney will become prime minister after the governing Liberal Party elected him its leader Sunday in a landslide vote with 85.9 percent support. Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remains prime minister until his successor is sworn in in the coming days. Carney is widely expected to trigger an election the coming days or weeks amid Trump's sweeping tariff threats.

Canada didn't ask for this fight

"We didn't ask for this fight. But Canadians are always ready when someone else drops the gloves," Carney said. "The Americans, they should make no mistake, in trade, as in hockey, Canada will win." Carney said Canada will keep its initial retaliatory tariffs in place until "the Americans show us respect."

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Putin offers no compromise on Ukraine, says EU ‘robbery’ failed

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Revisiting the idea and project of India

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Irdai proposes allowing insurers to invest 20% in debt of public infra SPVs

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IndiGo probe decision taken after initial assessment: CCI

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ICICI Pru AMC becomes most valued stock in capital mkt sector

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India a step closer to trade pact with NZ

The Union Cabinet on Friday is learnt to have approved a trade agreement between India and New Zealand, according to people aware of the matter.

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