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.
Carney is a neo-liberal banker. Him being the best option really isn’t a good thing.
4 days ago in a conversation with Trump Trudeau said he didn’t know when the elections will take place in Canada. Trump immediately jumped to the conclusion that “Trudeau is using the tariffs to stay in power” and raised a big public stink about it, not once realizing that what Trudeau meant is that the date of the elections (which will have to happen before October of this year no matter what) was completely out of his hands because he was about to step down as prime minister. How the fuck did Trump not know that? It’s not like it was a secret or anything. Everyone knew Trudeau was going to step down today except him.
Wanna bet Trump will be once again confused by this transition and will call it a “coup” now?
Quit showing off.
-usa
Is this good? For you guys? I hope so. Canada is now the guiding star.
Compared to Pierre Poilievre (Maple MAGA forgone winner of the next election before Trudeau resigned)… 10000000000000x better
Overall? probably a bit better than usual
I just heard that many companies are simply eating the tariff costs and going us only…probably spiraling into a path leading to their eventual demise and the loss of investor money. All this will hurt everyone in the US at some point if not already. But its just gonna hit real hard.
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.
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.
According to this 2013 BBC article:
My conclusions? He didn’t singlehandedly rescue the Canadians from the worst of the global financial crisis - he didn’t really need to. But boy, did he win over the press.
This is a man who established a reputation as a “working-class hero” to many Canadians, despite having spent 13 years at Goldman Sachs.
I don’t know anything about him, but given the current economic climate, I’m skeptical. Hopefully he’s good for Canada, and can deal with the economic catastrophe Trump is creating.
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.
No, he pushed mass immigration
When? as the head of the Bank of Canada under Harper?!
The last 5 years he’s been advising Trudeau.
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.
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.
Our population increased by 10 million during Trudeau. As a homeowner I’m not complaining lol
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.
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.
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.
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.
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.
