Overview

• Justin Trudeau's resignation has triggered a fast-tracked Liberal leadership race, with the new leader to be selected on March 9, 2025.
• Mark Carney, a former central banker and green finance advocate, has officially entered the race, positioning himself as a change candidate focused on economic growth and trade issues with the U.S.
• Chrystia Freeland, former deputy prime minister and finance minister, is Carney's primary rival, with both candidates leveraging their global finance credentials and long-standing ties to the Liberal Party.
• Carney's campaign highlights his outsider status and critiques of the current government's priorities, while critics question his lack of parliamentary experience and ties to global elites.
• The leadership race occurs as Canada faces mounting challenges, including a potential trade conflict with President-elect Donald Trump and ongoing economic and housing crises.