Liberal Party’s Mark Carney elected as new Prime Minister of Canada : Swearing-in to take place in a few days
Agency. The Liberal Party, facing a leadership crisis, has announced Mark Carney as Canada’s next leader and prime minister.
The party announced in its announcement that Carney will succeed former Prime Minister Justin Trudeau. Liberal Party President Sachit Mehra announced the victory of former British and Canadian central bank governor Mark Carney in the Liberal leadership race. Carney, who succeeds outgoing Prime Minister Justin Trudeau, will be sworn in in a few days, the BBC reported.
According to the report, Carney received a total of 131,674 votes, or about 85.9 percent of the total vote. He beat former Finance Minister Chrystia Freeland, former government House leader Karina Gould, and former MP Frank Baylis.
Carney will become the second prime minister in Canadian history to be without a seat in the House of Commons. Carney, 59, will succeed Prime Minister Justin Trudeau, who announced his resignation in January.
Mark Carney was born on March 16, 1965, in Fort Smith, in the northwest of Canada. However, his early life was spent in Edmonton, Alberta. Both of Mark’s parents were school teachers. He was very good at studying from the beginning. Mark Carney also worked at the Canadian Department of Finance in 2004. After showing talent in the field of economics, he was made Governor of the Bank of Canada in 2007.
It is said that when the global financial turmoil began in late 2007, Mark Carney sensed the impending dangers. So he began tightening Canada’s monetary policy. Carney led the Bank of Canada in 2008, when the world was plunged into recession after the bankruptcy of Lehman Brothers. His management skills were so highly regarded in Canada that he remained the governor of Canada until he became governor of the Bank of England in 2013.
One of Mark Carney’s achievements is that he became the first non-British governor of the Bank of England in its more than 300-year history. However, he took up this position at a time when the demand for Brexit, that is, the separation of the British economy from the European Union, was widely rising in the UK. Amidst the changing political equation in the UK, Carney not only paved the way for Brexit, but also saved the British economy from the sting of recession. To this end, Carney changed many of the Bank of England’s policies.
In March 2020, as Carney’s term at the Bank of England was coming to an end, the world was plunged into another crisis. It was the coronavirus pandemic, which led to many countries announcing restrictions and halting economic activity. However, Carney made his final decision as head of the Bank of England before leaving office and cut the bank’s interest rates by 0.5 percentage points. This small step was intended to protect the UK from the economic weakness caused by the pandemic.
Mark Carney has made great achievements in the field of economics. However, he is no stranger to politics. According to Carney himself, in 2012, Canadian Prime Minister Stephen Harper offered him the position of Finance Minister. However, Carney turned it down. Carney’s name was also mentioned in the Liberal Party leadership election in 2013, but he turned it down too.
In September last year, when Canada’s Trudeau government was embroiled in a row over its economic policies, the prime minister named Carney to head the Liberal Party’s economic development task force. Then, when Canadian Finance Minister Chrystia Freeland resigned from Trudeau’s cabinet, Carney was expected to take over.
Mark will take over Canada’s responsibilities at a time when Canada is facing a crisis on many fronts.
The biggest crisis Canada is facing is from the United States. President Donald Trump has recently announced that he will make Canada the 51st state of the United States, raise the issue of drugs and illegal immigration, and impose a 25 percent tax. Now he will lead Canada until the election in October.
Oh! Snow, sleet and fog- vast swathes of Canada are gripped by winter weather (with photo feature)
The Canadian government has urged people not to visit Nepal except for essential work, citing security challenges in the country
FIFA World Cup 2026: Ticket demand high despite fans criticizing prices
Australia becomes the first country in the world to ban teenagers from social media
Blood donation program organized by Lions Club of Mississauga Canada Nepal completed
US President Trump, who is seeking the Nobel Peace Prize, has received the “Peace Prize”
Schedule for the 2026 FIFA World Cup, co-hosted by the United States, Canada and Mexico, has been released
