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Mark Carney Becomes Canada’s New Prime Minister Amid Rising Tensions with Trump

Carney, a former central banker with no prior elected experience, takes the helm as Canada faces economic and political challenges, including a looming federal election.

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Liberal Party of Canada Leader Mark Carney delivers his speech after being announced as the winner of the party leadership in Ottawa on Sunday, March 9, 2025. THE CANADIAN PRESS/Sean Kilpatrick
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OTTAWA, CANADA MARCH 9: Mark Carney, the newly elected leader of the Liberal Party of Canada, addresses supporters in a victory speech after the official announcement of the 2025 Liberal Leadership race results at Rogers Centre, in Ottawa, Ontario, Canada, on March 9, 2025. (Photo by Artur Widak/NurPhoto)

Overview

  • Mark Carney, former Governor of the Bank of Canada and the Bank of England, succeeds Justin Trudeau as Canada’s 24th Prime Minister after winning 86% of the Liberal Party leadership vote.
  • Carney’s leadership comes as Canada navigates heightened tensions with the U.S., including a trade war initiated by Donald Trump and threats of annexation rhetoric from the former U.S. president.
  • The Liberals, previously trailing the Conservatives by 25 points, have significantly closed the gap in polls, with some surveys showing them narrowly ahead under Carney’s leadership.
  • Carney’s image as a calm and pragmatic technocrat contrasts sharply with Conservative leader Pierre Poilievre’s combative style, setting the stage for a federal election likely to focus on Trump’s influence.
  • Carney’s family, including his wife Diana Fox Carney and their daughter Cleo, played a prominent role in his leadership victory, with Cleo introducing him as a principled and committed leader.