Mark Carney has been elected as the new leader of the Liberal Party of Canada. Carney clinched victory decisively, on the first ballot.

Summary

Mark Carney has been elected as the new Liberal Party leader in Canada with a commanding 85.9% of votes, following Justin Trudeau’s resignation.

The former Bank of Canada and Bank of England governor will become Canada’s 24th prime minister within days.

In his victory speech, Carney took aim at both Donald Trump and Canadian Conservative Leader Pierre Poilievre, vowing to maintain Canada’s tariffs until Americans “show us respect.”

Carney, despite never holding elected office, enters leadership as Canada faces trade tensions with the U.S. and a potential early election. He must secure a parliamentary seat and finalize the transition with Trudeau.

    • Jhex@lemmy.worldEnglish
      15·
      4 hours ago

      Compared to Pierre Poilievre (Maple MAGA forgone winner of the next election before Trudeau resigned)… 10000000000000x better

      Overall? probably a bit better than usual

      • werefreeatlast@lemmy.worldEnglish
        1·
        1 hour ago

        I just heard that many companies are simply eating the tariff costs and going us only…probably spiraling into a path leading to their eventual demise and the loss of investor money. All this will hurt everyone in the US at some point if not already. But its just gonna hit real hard.

    • CuffsOffWilly@lemmy.mlEnglish
      63·
      13 hours ago

      He has a PhD in Economics and was the head of the Bank of Canada and more recently the head of the Bank of England. So yeah……can’t think of a better resume to navigate us through a trade war.

      • ngwoo@lemmy.worldEnglish
        63·
        12 hours ago

        Worth noting he was head of Bank of Canada during the 08 crash and was pretty widely lauded for navigating it so well. So he’s proven himself in a crisis.

        Would I prefer someone further left? Of course, but as long as we live in a market economy we may as well have someone knowledgeable about it and who has at least expressed a desire to make it more fair.

        • Bazoogle@lemmy.worldEnglish
          12·
          5 hours ago

          According to this 2013 BBC article:

          My conclusions? He didn’t singlehandedly rescue the Canadians from the worst of the global financial crisis - he didn’t really need to. But boy, did he win over the press.

          This is a man who established a reputation as a “working-class hero” to many Canadians, despite having spent 13 years at Goldman Sachs.

          I don’t know anything about him, but given the current economic climate, I’m skeptical. Hopefully he’s good for Canada, and can deal with the economic catastrophe Trump is creating.

    • Saleh@feddit.orgEnglish
      22·
      15 hours ago

      Bank director as prime minister…

      This will be bad in the long run.

      • ryper@lemmy.caEnglish
        2·
        4 hours ago

        There’s going to be an election this year, so he may not be PM that long.