By Gill Bikram Singh 
Canada is set to welcome a new Prime Minister soon. 59-year-old Mark Carney has won the Liberal Party leadership election and will replace Justin Trudeau as the country’s leader. This leadership change comes at a critical time when Canada is entangled in a tariff dispute with the United States and relations with India remain tense. Trudeau had already announced his decision to step down in January.
In the election held on Sunday, approximately 152,000 members of the Liberal Party cast their votes. Carney secured 86 percent of the votes, while former Finance Minister Chrystia Freeland finished in second place. Trudeau’s resignation as the Liberal Party leader led to this leadership contest, marking the end of his nine-year tenure as Prime Minister.
A Political Newcomer
Despite his impressive career, Mark Carney is considered a political novice. He has expressed his commitment to rebuilding the party and maintaining ongoing negotiations with the United States. This comes as U.S. President Donald Trump threatens to impose high tariffs on Canada—a move that could significantly impact the Canadian economy.
Who Is Mark Carney?
Born in 1965 in Fort Smith, Mark Carney has never held an elected position. He graduated from Harvard University and worked at Goldman Sachs for 13 years. In 2003, he became the Deputy Governor of the Bank of Canada, and by 2008, he had risen to Governor.
Carney played a crucial role in guiding the Bank of Canada through the 2008-2009 global financial crisis. In 2013, he became the first non-British Governor of the Bank of England, making history as the only person to lead two G7 central banks. After leaving the Bank of England in 2020, he took on the role of United Nations Ambassador for Finance and Climate Change.
With Mark Carney now set to lead Canada, his extensive financial expertise and global experience will be closely watched as the country navigates economic challenges and diplomatic tensions.