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Justin Trudeau Is Leaving a Job No One Seems to Want, Except Mark Carney

Mint Ahmedabad

|

January 16, 2025

Carney Added the Liberal Party Now Has a Shot in the Election This Year With Trudeau Stepping Aside

- Paul Vieira

Since Justin Trudeau said he would resign as prime minister, one Canadian politician after another has looked at running to lead the Liberal Party into new elections that polls show it will lose badly and said: "Not me."

Now a prominent name is finally hinting he will run—Mark Carney, a familiar face to the world of finance as the former governor of the Bank of Canada and the Bank of England and current chairman of Brookfield Asset Management.

In an appearance Monday night on "The Daily Show," he suggested—without mentioning his potential candidacy—that the party could benefit from an outsider with experience in economics and finance to help guide the Canadian economy at a precarious moment, given the threat by President-elect Donald Trump to slap a 25% tariff on all Canadian imports. Carney added the Liberal Party now has a shot in the election this year with Trudeau stepping aside.

Carney has said he was considering running for the job since Trudeau announced his resignation a week ago, but the "Daily Show" appearance marked the first semblance of a campaign appearance. On the program, he criticized Trudeau's economic performance.

"I think in a situation like this, you need change. You need to address the economy," Carney said, in his first media appearance since Trudeau's resignation Jan. 6. "Canadians have been very hard pressed in the last few years. Wages have not kept up with inflation. People are falling behind, not getting ahead...And truth be told the government has not been as focused on those issues as it could be. We need to focus on them immediately."

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Mint Ahmedabad

PMS firms ask Sebi to review fees paid for index data

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time to read

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TPG to invest $1 bn in TCS's data centre biz

TPG is to pick up a 49% stake in TCS arm HyperVault AI Data Centre

time to read

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Lenovo India Q2 revenue jumps 23%

Integrated IT solutions provider Lenovo's India arm on Thursday reported a 23% year-on-year increase in revenue at $1.2 billion in the September quarter, aided by strong demand fuelled by digitisation, premiumisation and improved consumer sentiment following goods and services tax (GST) rejig.

time to read

1 min

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Mint Ahmedabad

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Carmakers tap EMs to shield exports amid China threat

Firms are increasingly using India as a cost-competitive manufacturing base and export hub

time to read

2 mins

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Flipkart-backed super.money preps ‘buy now, pay later’ play

Flipkart-backed UPI app super.money is preparing afresh push into buy now, pay later (BNPL) by partnering regulated banks and lenders, as it hunts for its next leg of growth beyond credit on UPI, according to two people aware of the plans.

time to read

2 mins

November 21, 2025

Mint Ahmedabad

KKR to raise $15 bn in new Asia PE fund

KKR has kicked off fundraising for its fifth Asia private equity fund, seeking to raise $15 billion in what would be one of the region's largest buyout fundraisings, three people with knowledge of the matter said.

time to read

1 min

November 21, 2025

Mint Ahmedabad

Mahindra targets 8-fold auto growth

Mahindra Group is aiming for an eight-fold growth in consolidated revenue of its auto sector by FY30 compared to that in FY20, betting big on SUVs and light commercial vehicles.

time to read

1 min

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Decoding Narayana stock spurt

Narayana Hrudayalaya Ltd investors must be in the pink of health.

time to read

2 mins

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Bajaj's arm hires CIO from Kotak

The alternative investment management arm of the Bajaj Group, one of India’s oldest conglomerates, hired a chief investment officer (CIO) from Kotak Alternate Asset Managers Ltd, according to people familiar with the matter, underscoring an intensifying talent battle in the $169 billion asset management industry.

time to read

1 min

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Mint Ahmedabad

Mint Ahmedabad

Fed’s October rate decision fueled pushback over possible December cut

Divisions over whether the Federal Reserve should cut interest rates next month deepened at officials’ October meeting, leaving a growing contingent—and potentially a narrow majority—of policymakers uncomfortable with a December rate reduction.

time to read

3 mins

November 21, 2025

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