Mark Carney Named Prime Minister of Canada, Succeeding Justin Trudeau

By Evans Momodu
Published 11:36 UK GMT, 10 March, 2025


Mark Carney, former governor of the Bank of England and the Bank of Canada, has been named the new Prime Minister of Canada after securing a landslide victory in the Liberal Party leadership race. His appointment follows Justin Trudeau’s decision to step down after facing internal pressure from his party.

Carney’s Leadership Victory

Carney won an overwhelming 85.9% of the vote, making him the clear choice to lead the Liberal Party. His leadership comes at a time when Canada is facing economic challenges, particularly tariffs imposed by U.S. President Donald Trump.

In his victory speech, Carney addressed the tariffs and their impact on Canadian businesses:

“Donald Trump has placed unjustified tariffs on what we build, what we sell, and how we make a living. He is attacking Canadian families, workers, and businesses, and we cannot let him succeed.”

Carney emphasized that Canada will maintain retaliatory tariffs until the U.S. government demonstrates respect in trade negotiations.

Trump’s tariffs and recent remarks about making Canada the 51st U.S. state have angered many Canadians. In response, Carney firmly rejected the notion, stating:

“America is a melting pot. Canada is a mosaic. We will never, ever be part of America in any way, shape, or form.”

The American national anthem has been repeatedly booed at NHL and NBA games, reflecting growing frustration among Canadian citizens.

Carney, 59, now faces the challenge of securing national support as Canada prepares for a general election, which must take place on or before October 20, 2025.

His background in finance, including his tenure as Governor of the Bank of England and the Bank of Canada, positions him as a leader capable of strengthening Canada’s economy amid global financial uncertainty.

“In trade, as in hockey, we will win!” Carney declared to his supporters, rallying the nation against economic threats.

Justin Trudeau, 53, has served as Canada’s prime minister since 2015, but rising costs of living, housing affordability issues, and inflation have led to a decline in his popularity.

After announcing his resignation in January, he will remain in office until Carney is officially sworn in as prime minister.
Source: Sky news