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Former Bank of England governor Mark Carney, who launched his campaign to become Canada’s prime minister by touting his financial expertise, has betrayed incumbent Prime Minister Justin Trudeau on the economy.
Carney He told a crowd in Edmonton, Alberta, on Thursday that he was offering the bid in “incredible times” — an apparent reference to U.S. President-elect Donald Trump’s threat to impose tariffs on Canadian exports.
Carney, who also ran CanadaIn the year Before moving to London in 2013, the central bank said it would make the country’s economy the strongest in the G7, where growth was too slow, wages too low and commodities too expensive under Trudeau, a fellow Liberal.
“I’m incredibly focused on getting our economy back on track,” Carney said in Western Canada. “I’m here to ask for your support, I’m here to lead that fight.”
The Liberal challenger, recently joined by New York-based alternative asset manager Brookfield, has tried to portray himself as an outsider, opening up a big lead against Conservative leader and longtime politician Pierre Poilèvre. In national elections.
“I’m not the usual suspect when it comes to politics, but this is not a political time as usual,” Carney said.
Carney’s announcement ends months of speculation over whether the former central banker will try to replace Trudeau. Resignation from the Liberal leadership On January 6, after months of partisan bickering and declining poll numbers.
Chrystia Freeland, whose resignation as Trudeau’s finance minister last month sparked a Liberal leadership crisis, is expected to announce her own candidacy. “I’ll have a lot to say soon,” she said. Posted At X on Thursday. A person close to Freeland said she could launch her campaign in Toronto on Sunday.
Canada’s parliamentary system means that, like England, the leader of the largest party in the House has the right to form a government and become prime minister.
If Carney wins the Liberal leadership vote on March 9, he will become Canada’s next prime minister, though not an elected official — unlike Freeland and Trudeau, he is not a member of Canada’s parliament. The party will then lead the federal election, which should be held on or before October 20.
But Trudeau’s Liberal successor as leader could face a no-confidence vote when parliament resumes on March 24, forcing early elections.
The power vacuum in Ottawa comes amid heightened US-Canada tensions ahead of Trump’s inauguration on Monday. In recent weeks, the president-elect has described Canada as America’s “51st state” and Trudeau as “the governor.”
Carney stepped down as chairman of Toronto-based Brookfield Asset Management, a manager of nearly $1tn in assets under management. In the year He chaired the Bank of Canada from 2008 to 2013 and the Bank of England from 2013 to 2020.
“We are saddened to see him leave us, but we wish him the best in his new pursuit, fulfilling his deep sense of public service to Canada,” Brookfield CEO Bruce Flatt said in a statement Thursday.
Carney is the Chairman of the Board of Bloomberg and the UN Special Envoy for Climate Action and Finance. Carney remains a senior adviser to the Trudeau government.
Pollyever attacked the former central bank for supporting Trudeau’s efforts to curb Canada’s greenhouse gas emissions — the West’s most aggressive carbon tax — in oil-rich Alberta, where Carney grew up.
“Carbon Tax Carney backs NDP-Liberal tax increases on gas, heat and groceries, quadrupling to $0.61/L. Right. as a. Justin, Paul Posted At X on Thursday.
