Mark Carney, ex-Bank of Canada governor, launches bid to replace Trudeau
Al JazeeraJAN 12
Ex-Central Banker Carney Launches Bid for Canadian Prime Minister
Above: Mark Carney officially announces his campaign for leadership of the federal Liberal Party on Jan. 16, 2025. Image copyright: Artur Widak/Contributor/Anadolu via Getty Images
The Facts
Mark Carney, former Bank of Canada and Bank of England governor, Thursday officially launched his campaign to replace Justin Trudeau as Liberal Party leader and prime minister.
The 59-year-old economist is entering the race following Trudeau's Jan. 6 resignation announcement with the new Liberal leader to be chosen on March 9. Carney will face competition from former Finance Minister Chrystia Freeland.
In announcing his run, Carney emphasized his economic credentials, including steering Canada through the 2008 financial crisis as central bank governor, and managing Brexit's economic impact while heading the Bank of England.
The Spin
Left narrative
Carney is an outsider who offers Canada a fresh start. Having successfully managed multiple financial crises, he's a promising contender for Canada's economy. In addition, his international experience will help him deal with Trump's tariff threats, as well as global climate change initiatives.
Right narrative
Despite positioning himself as an outsider, Carney is deeply connected to the Liberal establishment as a longtime advisor to Trudeau's government. He supports controversial policies — including carbon pricing — and lacks the political experience needed to lead the country through its current challenges.
Metaculus Prediction
Public Figures
Political split
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