Mark Carney has been elected as the new leader of the Liberal Party of Canada. Carney clinched victory decisively, on the first ballot.

Summary

Mark Carney has been elected as the new Liberal Party leader in Canada with a commanding 85.9% of votes, following Justin Trudeau’s resignation.

The former Bank of Canada and Bank of England governor will become Canada’s 24th prime minister within days.

In his victory speech, Carney took aim at both Donald Trump and Canadian Conservative Leader Pierre Poilievre, vowing to maintain Canada’s tariffs until Americans “show us respect.”

Carney, despite never holding elected office, enters leadership as Canada faces trade tensions with the U.S. and a potential early election. He must secure a parliamentary seat and finalize the transition with Trudeau.

    • CuffsOffWilly@lemmy.mlEnglish
      35·
      7 hours ago

      He has a PhD in Economics and was the head of the Bank of Canada and more recently the head of the Bank of England. So yeah……can’t think of a better resume to navigate us through a trade war.

      • ngwoo@lemmy.worldEnglish
        35·
        6 hours ago

        Worth noting he was head of Bank of Canada during the 08 crash and was pretty widely lauded for navigating it so well. So he’s proven himself in a crisis.

        Would I prefer someone further left? Of course, but as long as we live in a market economy we may as well have someone knowledgeable about it and who has at least expressed a desire to make it more fair.

    • Saleh@feddit.orgEnglish
      165·
      9 hours ago

      Bank director as prime minister…

      This will be bad in the long run.

    • turnip@sh.itjust.worksEnglish
      1016·
      9 hours ago

      No, he pushed mass immigration, in order to derive what he calls economic growth as we trade homes back and forth for ever larger sums, as zoning and developer fees prevent new development.

      Housing and rents doubled in 10 years as we did 4% population growth and bought 50% of mortgage bonds, all as he was a Liberal advisor. He’s a champaign socialist like our NDP, and we have no real worker parties left.

      • CitricBase@lemmy.worldEnglish
        18·
        6 hours ago

        If your rents doubled while your population increase was only 4%, it sounds like immigration wasn’t the issue, now was it?

        Blaming poor people for the housing bubble is like blaming a fish for the rain. Look up.

        • turnip@sh.itjust.worksEnglish
          2·
          54 minutes ago

          The problem is nimbyism, sprawled zoning, and large developer taxes used to lower property taxes; which is why matching immigration to housing completions is important, and an obvious thing to do if you care about the poor.

          But people downvote criticism of their faux progressives. People got a whole 400$ in dental work as their rents doubled, wholly unfunded and paid with future austerity of course.

        • rabberEnglish
          1·
          1 hour ago

          Our population increased by 10 million during Trudeau. As a homeowner I’m not complaining lol

      • werefreeatlast@lemmy.worldEnglish
        3·
        9 hours ago

        Oh. I’m sorry. I guess then pay attention as to how trump’s story goes. I don’t know now how it’s going to go. I hope to be dead by then.

        • turnip@sh.itjust.worksEnglish
          29·
          9 hours ago

          Id guess it knocks over Canada’s housing bubble they built, and we have a lost decade like Japan due to trillions in misallocated capital.

          Its mainly full recourse loans as well, its incredibly irresponsible to do mass immigration and stoke demand to distort the market. Its almost like they wilfully broke our country to push climate policy, I can’t see any other way to explain it.