Former central banker Mark Carney is set to become Canada’s next prime minister after succeeding Justin Trudeau as leader of the governing Liberal Party. View on euronews
Toronto — Canada’s next prime minister has already helped run two Group of Seven economies in crisis and now will try to steer Canada through a looming trade war brought by U.S. President Donald Trump, a threat of annexation and an expected federal election.
Carney vowed Sunday to “keep our tariffs on until the Americans show us respect” in a message to U.S. President Donald Trump.
Former central banker Mark Carney will become Canada’s next prime minister after he won Liberal Party leadership vote in a landslide
Jacob Rees-Mogg, the Conservative MP, labelled Mr Carney the “high priest of project fear”. He survived the outcry and left the bank in 2020, laying the groundwork to assume leadership of Canada’s beleaguered Liberals, despite never having sat as an MP in the House of Commons.
President Trump’s 25% tariffs on imports from Canada and Mexico, and 10% on Canadian energy, will raise core consumer prices in the U.S. by 0.6%, Goldman Sachs economists predicted. “We would not rule out a last-minute pause in the tariff,