The newly elected Canadian Prime Minister Mark Carney is the only governor of the Central Bank to have received a “A” note from Global Finance for his mandate in two different countries.
The Liberal Party of Canada has managed an astonishing upheaval in the national elections. By choosing Mark Carney – the former governor of the Bank of Canada and the Bank of England – like his new leader, the party has overcome a 25 -point survey deficit under a Justin Trudeau beaten to defeat Pierre Hairy and ensure a new fourth parliamentary mandate – an unprecedented feat in Canadian politics. Carney and his party should win most of the 343 seats in Parliament, although they will probably lack a pure and simple majority (at the time of publication, the Liberals led 169 seats).
Carney obtained high notes as a central banker during the global financial crisis and Brexit. Global finance The magazine awarded him a note “A” in his annual central benches reports in 2012 during his mandate in Canada, and again in 2016 in the United Kingdom, as well as two “A-Minus” notes in 2018 and 2019. He led the Bank of Canada from 2008 to 2013 and the Bank of England from 2013 to 2020. Unlike Poilevre, Carney never kept an elected office and new policy for the news.
Canada Mark Carney will run is very different from that of its predecessors in recent memory. With Donald Trump in power, Canada joined forces against the taxation of a trade war by the United States with prices that threaten economic stability, in fields such as cars, wood and aluminum, as well as president who said he would like to erase the border and make Canada on 51st State. Canadians avoided American products and canceling vacation in the United States to protest. In many ways, Trump’s policies, which, where a major subject of discussion of all candidates during election flight, was the greatest influence to put Carney in power.
When the Parliament resumes, Carney has promised to implement a program that will fight against an economic war with its greatest trading partner and its oldest ally. The new Prime Minister promised to sit with President Trump and reconstruct a conversation on the trade they started when Carney succeeded Trudeau after being made the leader of the Liberal Party in early March. In addition, a tax reduction in the middle class has been promised that it says that families with two income up to $ 825 ($ 594) per year.
Due to a massive shortage of housing in the country, the Liberals have promised to create a policy of “Canadian houses” which would double the speed of construction at 500,000 houses per year and invest $ 35 billion for manufacturers of prefabricated houses and low -cost financing capital for manufacturers. In other areas that are often difficult to sail in Canada, Carney has promised to consider the reduction of interprorcal trade barriers as well as strengthening the country’s capacity to produce and export energy.
The previous roles of Carney and the international experience make him a known quantity for leaders abroad. After her victory, the president of the European Commission, Ursula von der Leyen, said on X, formerly Twitter: “The link between Europe and Canada is strong – and stronger. I can’t wait to work closely, both bilaterally and within the G7. We defend our shared democratic values, promote multilateralism and defend free and fair trade. ”
British Prime Minister Keir Starmer said in a statement that the links between Carney and the United Kingdom, arising from his governor of the Banque of England, are extremely important. “With your leadership and your personal ties with the United Kingdom, I know that the relationship between our two countries will continue to grow,” added Starmer.
These links will become even more important because Canada pivots from a north-south economic orientation to stronger links with Europe. Carney’s first trips as chief of the Liberal Party in March were to Paris and London, where he told French President Emmanuel Macron that Canada was “the most European of non -European countries”. With his secure leadership and the elections behind him, Carney will face his first international test as Prime Minister in June, when he welcomed the G7 leaders’ summit in Kananaskis, Alberta.
– Find out more about Mark Carney’s ranking as governor of the British bank in the Global Finance central banker banker report in 2016.
– Find out more about the rating of Mark Carney as Governor of Banque Canada in the Global Finance central banker report in 2012.