On the evening of March 9, local time, Canada welcomed the 24th Prime Minister, the new head of the Liberal Party, Mark Carney.
In doing so, Carney became the first technocrat prime minister in Canadian history to hold no elected office.
On March 9th, Mark Carney became the 24th Prime Minister of Canada.
Why does Canada need a new prime minister?
Canada is a federal country with a constitutional monarchy, a political system that combines the characteristics of a monarchy, a parliamentary system, and a federal system, with the Prime Minister being the head of the ruling party.
In 2013, Justin Trudeau became head of the Liberal Party and won three consecutive elections, holding the Prime Minister’s seat for 10 years.
Since July 2024, the Liberal Party’s approval ratings have fallen below 20%, significantly behind the opposition Conservative Party, due to the sluggish recovery of the Canadian economy in recent years. See also the article in this issue, “The man who screwed up China-Canada relations has come to a disastrous end”.
A number of ministers in the Trudeau government resigned or announced that they would not run in the 2025 election because they felt that they had no hope of being re-elected and that their prospects were bleak. The then Deputy Prime Minister and Finance Minister Freeland, once the number two in the Liberal Party, also resigned angrily to cut ties with Trudeau.
The roof leaks in the night. After Trump was elected President of the United States, he clamored to turn Canada into the 51st state of the United States, and he frequently called Trudeau by the name of governor and wielded the tariff stick against Canada, resulting in the gradual loss of Trudeau’s credibility, and he was even rebuked by the people in front of him when he was on vacation.
Forced by internal and external pressures, Trudeau announced on January 6 this year that he would resign as head of the Liberal Party and remain Prime Minister until his successor is elected by the party.
Subsequently, Trudeau trusted special economic adviser Mark Carney surfaced.
On January 6, local time, Canadian Prime Minister Justin Trudeau announced his resignation as leader of the ruling Liberal Party.
Who is Mark Carney?
In the Liberal Party’s internal election, Carney became the new leader of the party with almost 86% of the votes. The new Prime Minister of Canada instantly attracted the attention of the world.
The first foreign governor of the Bank of England.
Born in 1965 in the Northwest Territories, Carney graduated from Harvard University in 1988 with a bachelor’s degree in economics.
After that, he went to Oxford University in the United Kingdom to further study, and successively obtained a master’s degree in economics and a doctorate.
After graduation, Carney worked in the financial sector for 13 years at Goldman Sachs before becoming Deputy Governor of the Bank of Canada in 2003 and Senior Deputy Minister of Finance in 2004.
In February 2008, Carney became Governor of the Bank of Canada.
At that time, Canada, like other Western countries, was facing a financial crisis, and Carney adopted a policy of significantly lowering interest rates, which effectively mitigated the impact of the financial crisis. Thanks to his strong initiatives, not a single bank in Canada failed at that time.
In 2013, Carney was appointed Governor of the Bank of England, becoming the first foreign governor of the Bank of England since its establishment in 1694, and is considered a source of pride for all Canadians.
During his tenure as Governor of the Bank of England, he was instrumental in resolving Britain’s post-Brexit economic problems.
Trudeau’s special economic advisor.
In recent years, Carney has gained Trudeau’s trust and is seen as a key figure in the side of T.
In 2020, Carney served as an informal advisor to Trudeau, advising him on the government’s economic response to the new crown epidemic, and in 2024, Carney was appointed by Trudeau as a special economic advisor to the Liberal Party and was once expected to become Canada’s finance minister.
Although Carney has never held a parliamentary or cabinet position, his success as an economist and technocrat, his focus on economic affairs, and his skill with tariffs and trade tools have earned him the public support of 52 Liberal MPs, compared to 26 for Freeland, Carney’s main rival.
According to foreign media reports, a number of senior Canadian officials believe that Carney is the best candidate to deal with the impact of Trump.
The firefighter who turned the tide .
At present, the cost of living in Canada is rising The housing problem is prominent, and the public is generally concerned about the economy.
In his election campaign, Carney emphasized his own experience in dealing with major economic crises and promised to abolish the carbon tax policy to fully stimulate Canada’s economic potential, which gained a lot of public support.
After Carney announced his candidacy, the support rate of the Liberal Party in Canada rose from 16 to 38, realizing a reversal of the Conservative Party.
The rise in opinion polls has renewed hope within the Liberal Party, which is looking forward to reversing the situation in this year’s election under the leadership of Carney, and striving to win over the Conservative Party to continue to be re-elected.
After taking over, he faced two special problems.
Next, Carney will face two special problems On the one hand, to deal with the mess left behind by Trudeau, on the other hand, to deal with Trump’s bullying.
Handling the mess left behind by Trudeau.
Canada’s 2025 election has entered a white-hot stage, with political parties and factions struggling fiercely in the country, and the Liberal Party is facing considerable challenges to its reelection.
According to the latest opinion polls conducted in March this year, the support rate of the Liberal Party is 38, while the support rate of the Conservative Party is 36, and judging from the current situation, the advantage of the Liberal Party is not obvious.
At present, Canada is facing serious economic difficulties, with key economic indicators performing poorly, the government deficit remaining high, the cost of living continuing to rise, and the employment situation being very grim.
How to quickly reverse the unfavorable situation left by the Trudeau government in a short period of time has become a problem that Carney needs to face after taking over the baton.
Responding to Trump’s continued bullying.
Recently, Trump has gone on the offensive against Canada, proposing to redraw the U.S.-Canada border along with tariff increases.
Against this backdrop, how to deal with the U.S. threat Dealing with Canada-U.S. relations has become a top concern for the Canadian public.
On March 9, Carney said in his victory speech that the United States covets our resources, our water, our land, and even our country. If it succeeds, it will destroy our lives.
On his first day in office, he took a swipe at the Trump administration, calling the U.S.-Canada tariff dispute the ultimate economic and sovereignty crisis, and insisting that he would impose countermeasures on the United States.
On the one hand, Carney said he would maintain retaliatory tariff measures against the U.S. Calling on Canadian provinces to unite to build a stronger economy and forge new trade relationships with reliable partners.
In June this year, Canada will host the G7 summit, Carney probability will be with the relevant countries to discuss ways to deal with U.S. bullying.
On the other hand, he has also unveiled a new killer app, stating that it is possible to cut off the power supply to New York State15.
Where is Canada headed under the shadow of the United States.
Canada is now at a crossroads in its history, where it can either give in and become a strategic vassal of the U.S., or take the fight to realize true strategic autonomy.
Let’s wait and see what Carney will write in Canadian history.
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