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Mark Carney to be next Canada PM after winning Liberal leadership race

Mark Carney to be next Canada PM after winning Liberal leadership race

  • By
  • March 10, 2025

Former central banker will be only second prime minister in Canadian history without a seat in parliament

  • ‘Boring guy’ whose economic acumen could help Canada tackle Trump

Mark Carney, the former central banker who oversaw the response to financial crises in North America and the UK, will become the next prime minister of Canada after winning the race to lead the country’s federal Liberal party.

Carney, 59, takes on the role as Canada is locked in a potentially catastrophic trade war with the US, long its closest ally and largest trading partner. Last week Donald Trump announced a 25% tax on all Canadian goods, with a carveout for the automotive and energy sectors. The tariffs have the power to push Canada’s fragile economy in a recession.

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