Mark Carney Becomes Canada's New Prime Minister, Faces Economic and Political Challenges

Carney, a former central bank chief, takes over from Justin Trudeau as Canada navigates tensions with the U.S. and prepares for potential early elections.

Mark Carney, former head of Canada's and the UK's central banks, has been elected leader of Canada's Liberal Party and will succeed Justin Trudeau as Prime Minister.
Carney won the internal party election decisively, securing 85.9% of the vote, far ahead of his closest rival, Chrystia Freeland, who received 8%.
The new Prime Minister faces strained relations with the U.S., including threats from President Donald Trump regarding tariffs and annexation rhetoric, which Carney has strongly opposed in his speeches.
Carney is expected to call early elections within weeks, potentially capitalizing on the Liberal Party's recent surge in polls following Trudeau's resignation and increasing tensions with the U.S.
Domestically, Carney has promised economic reforms, including tax relief for the middle class, reducing bureaucracy, and fostering innovation to reduce reliance on U.S. trade by strengthening ties with Europe and Asia.