Business News

Mark Carney to replace Justinatin Trudeau as Canadian Prime Minister

Unlock the editor’s digestion for free

Canada’s ruling Liberal Party has elected Mark Carney as its new leader and therefore prime minister, facing a confrontation between a former central banker and US President Donald Trump.

On Sunday the party announced that Carney beat the match to replace JustinAstein Trudeau, who pulled as a leader In January after months of party slowdown and bad voting.

However, the celebrations for Carney and his Ottawa team will be short, as Canada faces a trade war with its southern neighbor. There is Trump threatened to charge wide tariffs to Canada’s export and pledge that the country should become the 51st US state.

In the end, the race was not near. Carney won with 131,674 votes, or 86 %, ahead of former Labor Finance Minister Christian Freeland with 11,134.

Carney said the party would commit fiscal responsibility and social justice while trying to unite Canada. “My pledge for you and all Canadians is to build a stronger Canada for everyone,” he said.

He said his government would find new trade relations with “reliable partners”.

“My government will keep the tariffs until the Americans show us respect,” he said.

Carney is expected to replace Trudeau, who was at the Liberal Party on Sunday.

During the campaign, Carney said he would call for elections immediately after winning first place to secure a mandate from the Canadian people to deal with Trump’s battle for Trump’s tariffs.

“Carney has an international profile and undeniable gravitas when it comes to dealing with economic affairs, although he has no electoral experience,” said Dimitri Anastakis, a professor at the Rothman School of Management at the University of Toronto.

Trump’s regular attacks on Canada – threatening to annex and set tariffs on its trees, dairy products and steel – strengthened the Liberal Party, which was Facing almost some defeat in the election.

Carney said on Sunday that Canada “never would never be part of America in any way”, adding: “We must build a new economy and new trade relations.”

Carney campaigns that he is a veteran of crisis management, best responsible for managing Trump’s hostilities, emphasizing his time as governor of the Central Bank of Canada during the global financial crisis in 2008, then the Governor of the Central Bank of Britain throughout Brexit.

Show for polls, the Liberal Party reduced the leadership of the Conservatives before this year’s election.

“Two months ago, being a liberal leader was like a deadlock,” said David Koleto, chief executive of Abacus Data, an Ottawa-based voting company.

“Thanks to Trump, Mark Carney will appear as the next prime minister with almost the opportunity for coins to be unthinkable, leading the Liberals to the fourth victory in the election,” he said.

For several years the opposition Conservative Party under Stone It was expected that a majority government could easily form in the next election. But Trump and Carney as prime minister of Canada have changed that trajectory.

On Wednesday, an Angus Reid Institute poll reported that 43 % of Canadians thought Carney was best to face Trump, compared to 34 % who chose Sulver.

Carney, 59, has pledged to “build the strongest economy in the G7” and “Government Reform and Tax System” with building and investing incentives.

Rumors of Carney’s interest to become prime minister have been tightened late last year, as the Trudeau government entered polls on its immigration policies, living costs and housing availability.

Carney recently resigned as president of Managing Brookfield’s assetswhich has nearly 1 tn in funds under management. He was also chairman of the Bloomberg Board and UN Special MP for Climate Activities and Finance and spent more than a decade in Goldman Sachs.

He has pledged to reduce all his corporate links and put his portfolios in confidence if he becomes prime minister.


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button