Toronto – The Canada Liberal Party has chosen the veteran Central Bank leader, Mark Carney, as a new leader, which means that he will quickly replace Prime Minister Justin Trudeau in the country’s senior office. Trudeau’s political transition and political fall occur in the middle of Chaotic trade war With the closest ally of Canada launched by President Trump.
The exact date that Carney will take over, as the Prime Minister of Canada is still uncertain. The transition calendar will be determined by CARNEY together with Trudeau.
Carney won about 86% of more than 151,000 votes cast. The next nearest candidate received 11,144 votes.
The new leader will inherit a party led by a party that has been supported by the Canadian electorate Wane in recent years. With opposition parties eager to trigger elections, the situation is becoming more and more urgent. The Carney government could be rejected by Parliament to request a new national choice, which can be called at any time between the Parliament returning to the session on March 24 and October 20, at which time a vote must be held.
Trudeau announced in January that it will divert As a party leader and, with the movement, his role as Prime Minister, due to the increase in pressure from the Liberal Party, as the polls showed their support among voters.
Trudeau’s resignation announced the way for the Liberal Party to choose a new leader, and Carney won the internal party elections on Sunday, and many Canadians will wait for him to quickly form a new cabinet and then put his decades of financial experience as the country faces Mr. Trump’s trade war.
Who is Mark Carney?
Born in Fort Smith, in the northern territories -west of Canada, Carney grew in Edmonton before leading in the United States to pursue a degree in Economics at Harvard University. He later moved to the United Kingdom and obtained a master’s degree, and then, in 1995, a PhD in Economics from the prestigious Oxford University.
He was appointed governor of the Canada Bank, similar to the United States Federal Reserve, in 2008, in the midst of the world financial crisis, which helped to go to Canada.
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The influence of Carney has spread far beyond Canada, and not only because he led one of his most important central government institutions. In 2010, Time Magazine named him the 25 most influential leaders in the world. In 2011, Reader’s Digest Canada called it “Canadian with more confidence”, and publishers of Euromoney magazine named him governor of the Central Bank of 2012.
During his term as a central Canada banker, he also occupied several high -level international positions, including as chairman of the World Financial System Committee and Head of the G20 G20 Financial Stability Board in the world’s largest economies.
Between 2013 and 2020, Carney moved to Britain after being touched as governor of the Bank of England, going to the Central Bank of the United Kingdom and helping to guide the country through the economic convulsions caused by its “Brexit” of the European Union. He was the first citizen to be in the United Kingdom to govern the institution in his 300 years of history.
More recently, Carney served as a special envoy of the United Nations on Climate Actions and Finance, and as a transition chief by investing in Brookfield’s asset management firm. He abandoned the two positions to carry out his leadership offer of the Liberal Party.
Carney’s reaction to Trump
Mr. Trump’s trade war and his frequent threats to making Canada a “51st state” in the United States were important topics during the Liberal Party Leadership Campaign. Carney, along with the other candidates, emphasized the importance of a strong domestic economy in front of these threats.
Carney said that Canada had allowed its economy to become “weak”, leaving it susceptible to the pressure tactics based on Mr. Trump’s rates. He said that Canada was experiencing one of the worst economic crises in its history and that overcoming it would require significant reforms to ensure long-term strength and stability.
“I know how to manage crises,” Carney said during a debate for the leadership of his party. “I know how to build strong economies.”
As Prime Minister, he said he would impose reciprocal rates on dollar on American imports in a trade war and take advantage of the role of Canada as a vital energy and uranium supplier in his southern neighbor.
“It is important to distinguish what cannot be controlled, what we can control. We cannot change Donald Trump, but we can control our economic destiny,” he said during a debate.
