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Banker Mark Carney Wins Race to Lead Liberal Party, and Canada
The prominent central banker and investor was chosen in a crucial leadership race amid threats from President Trump. He is expected to quickly call a federal election.
Mark Carney, a technocrat and banker, was declared the winner of the Liberal Party’s leadership election on Sunday. Credit… Cole Burston for The New York Times Published March 9, 2025 Updated March 10, 2025, 2:39 a.m. ET
Amid a generational crisis in Canada’s relationship with the United States, the Liberal Party of Canada on Sunday chose an unelected technocrat with deep experience in financial markets to replace Justin Trudeau as party leader and the country’s prime minister, and to take on President Trump.
Mark Carney, 59, who steered the Bank of Canada through the 2008 global financial crisis and the Bank of England through Brexit, but who has never been elected to office, won a leadership race on Sunday against his friend and former finance minister, Chrystia Freeland.
He won a stunning 85.9 percent of the votes cast by Liberal Party members. More than 150,000 people voted, according to the party’s leaders.
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Mark Carney Set to Lead Canada and Take On Trump As President Trump threatens to make Canada the 51st state, the Liberal Party chose the former central banker to succeed Justin Trudeau as prime minister. “In first place, the next prime minister of Canada, Mark Carney —” “There’s someone who’s trying to weaken our economy. Yeah, Donald Trump. Donald Trump. He’s attacking Canadian families, workers and businesses, and we cannot let him succeed. The Americans want our resources, our water, our land, our country. Canada never, ever will be part of America in any way, shape or form. Who’s ready to stand up for Canada with me?”
As President Trump threatens to make Canada the 51st state, the Liberal Party chose the former central banker to succeed Justin Trudeau as prime minister. Credit Credit… Cole Burston for The New York Times “America is not Canada. And Canada never, ever will be part of America in any way, shape or form,” Mr. Carney said in his acceptance speech on Sunday evening to an electric crowd of party faithful, directly addressing Mr. Trump’s constant threat that he wants to make Canada the 51st state. “We didn’t ask for this fight, but Canadians are always ready when someone else drops the gloves.”
“So Americans should make no mistake,’’ Mr. Carney added. “In trade, as in hockey, Canada will win.”
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