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.
Canada’s new PM is a banker with no political experience—what could possibly go wrong? Clear reporting but lacks deeper analysis of Carney’s potential strategies.
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Carney was governor of the Bank of Canada during the 2008 crash, and did so well that Canada climbed out of the recession/depression quicker than most other nations.
He then went on to become the first non-UK citizen (since the 1600s) to lead the Bank of England during the Brexit crisis. He advised Boris Johnson to not go through with it, but Boris decided to anyway. Many believe that is why the UK has, until recently, held onto a relative economic stability – but even now are also discussing trying to rejoin the EU.
I watched Carney back in 2008-09 when he spoke to Parliament … he didn’t lie, he never waffled on the possible dangers we faced, and he worked hard to pull us through.
He is a different kind of man, and a different kind of economist. He’ll do great as our PM.
Carney’s economic record is stellar, but governing demands more: public trust, coalition-building, and political foresight.
His leadership during the 2008 crash and Brexit showcased technical brilliance, yet these roles lacked the messy compromises of politics. Advising Boris Johnson was impactful, but it’s not equivalent to leading a nation divided by ideology.
Integrity matters, but so do adaptability and vision—qualities Carney hasn’t demonstrated in the political arena.
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And yet Carney doesn’t exist in a vacuum.
I would opine that the other party leaders are MORE susceptible to the criticisms you leveled at Carney.
PP has shown no ability or interest in forming coalitions or an ability to adapt to changing situations. He has no successes to his name in or out of parliament. What he HAS shown is an affinity for gotchas, sloganeering and playing political games with national security (does he even have clearance yet?)
Ah yes. Nothing says man for the people like an international bank leader.
We need a better economy and a way to fix things with Trump. This is a prime minister for at least until the elections in October 2025, could end before
Why do we have to fix anything with Trump? The dumb cunt has blacklisted Switzerland as having “unfair trade”, and has alienated Mexico, China and Canada … and that’s happened in less than 7 weeks!
Within 4 months he’s gonna have a shit ton of nations solidly against him, and the embargos will start happening.
Fuck him and everyone who supports him. They can rot in hell.
The real weird part is he quit Brookfield’s ESG department to be the PM, and one of his only policies announced so far is to replace the carbon tax with a foreign emitters tariff style tax, and to allow them to buy carbon credits from company like Brookfield.
Which is known to be no more than greenwashing, as we are still the only county in the G7 without high speed rail, and he also supports mass immigration from low emitting country. Then there was talk of letting Brookfield manage Canadian pension system, its all very fishy.
Maybe it’s time we let people who know how to handle an economy run countries? It’s not like the alternatives have been that great so far.
Jesus fuck thank you.
I don’t want an administrator or mechanic removing my appendix.
I hate that he’s the best option now and I am actively working to dismantle and replace orphan crushing capitalism, but at least he has a resume that is worth hiring for the job. Singh just hasn’t been very effective.
I would never let toddlers near my oscillating saw nor Poilievre near the Bill of Rights. Everyone who knows Skippy hates Skippy.
Singh is pretty good as opposition. “Pharmacare coverage for diabetes meds and birth control, or I will vote no confidence.” was a small win.
Is this reporting true?
After maintaining frontrunner status throughout the two-month race, the former Bank of Canada and Bank of England governor will become this country’s next, and 24th prime minister within days.
How does an unelected banker walk into becoming Prime Minister? Doesn’t he need to be elected by Canadians first?
If true, that seems like a horrendous hole in the system.
Good chance you’re a troll, but maybe take 5 minutes and look up how Canadian elections work?
Why discuss anything at all? Why ask any sort of question in a forum? After all, we can just look everything up.
Hmm… 2 almost identical comments below mine. That isn’t suspicions at all
Even if the original question was asked in bad faith (not that I think this was the case here, but to address what you’re implying with this comment), responding with “go look it up elsewhere” doesn’t negate its effect for anyone reading. I believe it plays into those bad faith hands because it looks like you don’t want the question answered here to anyone already suspicious of the situation.
It’s how parliamentary democracy works. The Prime Minister (PM) is elected by Members of Parliament (MPs) who are, in turn, directly elected by canadians. Typically, the Prime Minister is the leader of the largest party, but not always since a coalition of smaller parties could theoretically band together to elect their choice for PM. Carney was just elected leader of The Liberal Party of Canada, the largest party currently sitting in the Canadian lower house, by members of said party.
Our head of state and commander in chief is King Charles III, whose power is severely limited by constitutional and conventional traditions. Typically, in a parliamentary system, the head of state is merely a figurehead with no ability to influence policy directly.
Our Cabinet, unlike in the American Presidential system where cabinet members are unelected and appointed by the executive, are by convention chosen by the PM from amongst the directly elected MPs.
The PM can be forced to resign, alongside their Cabinet of Ministers, when a majority of MPs support a ‘motion/vote of no confidence.’ An election can be called at any time, with the maximum period between elections being 4 years.
This system of governance is shared with most Parliamentary and Semi-Presidential democracies with some minor differences.
Thanks for that summary. I think the big gap in my understanding is that the PM doesn’t even have to be an elected official. They essentially always are, but not having that codified is a surprise.
In my nightmare scenario, the cons eke out a majority, toss Pierre, and name Elon Musk as PM is Canada.
They can’t toss Pierre. He would have to step down (like Trudeau) or die. Then the party re-elects a new head who would become PM until an election is called or required as mentioned earlier, we will have an election no later than October this year.
It is definitely atypical for the PM not to be a sitting MP, but it is within the confines of the constitution. The PM only needs to be elected by and then maintain the confidence of parliament.
It’s almost certain that he will call an election immediately, however. A non sitting PM won’t maintain parliamentary confidence for long.
Or a Liberal MP in a safe seat will resign and Carney will stand in the subsequent by-election.
One catch: members of the House of Commons have to be elected to have a seat on the floor where debates and voting happens, so until elected in a byelection or national, Carney will be watching from the gallery and directing someone to put out his opinions. It happens sometimes in Parliament. Much of his work will be in meetings anyway.
Because people hated Trudeau that much, prior to. his “Trump is dumb” era and the opposition leader is horrifying. An investment banker who has advocated that we not allow our financial system to be Americanized is the best hope we have in unifying the country against the Mini magas.
The PM is like a mayor; they have no actual power (that doesn’t flow from the assembly). Theirs is the face of a legislative body. That body can choose anyone they wish to be their Prime Minister. Essentially, at any time. Parliament governs Canada, not the Prime Minister.
The PM must keep confidence of their own party and MPs. If the party loses confidence in the leader, the leader is turfed. See what happened to JT, his caucus lost confidence in him and he was forced out. I am looking forward to watching the CPC force Millhouse out once he loses.
Congratulations. Now give us proportional representation, or step aside.
Lol, what you think the conservatives will give you this?
I think there are bigger fish to fry right now.
This guy has legit, real-world experience. He has accomplishments out there ass.
Let’s see if he has what it takes first.
And right now? There are bigger issues at stake.
Last I checked this was a Liberal leader race, not a Conservative race, chum. And it was the Liberal party that promised this. Independent of anything else going on, that promise is still on them.
How we vote is meaningless, if we wind up being a 51st state.
I WANT proportional rep. But, again, bigger fish to fry right now.
Y’all, I live in the US. Listen to this. We had the same shit conversation with Harris. How many people I had to tell this “A vote is not a valentine, you’re not professing your love for the candidate,. It’s a chess move for the world you want to live in.”
Yes, I’ll agree our Dems can suck, and I’d love someone else… but for the love to my neighbors up north, don’t do the same dumbass move the US did and go “Eh, they’re not good enough” and bring in someone who’s a terror.
Carney is a neo-liberal banker. Him being the best option really isn’t a good thing.
