Mark Carney, a well-known economist with no prior political experience, is set to be appointed as Canada’s new Prime Minister on Friday. This news comes just days after his election as the head of the ruling Liberal Party. Carney is expected to utilize his previous experience as governors of the Bank of Canada and the Bank of England to navigate the ongoing trade conflicts between Canada and US President Donald Trump.
In the upcoming federal election, Carney is expected to campaign as a strong candidate against Trump in the trade war. He has promised to continue imposing tariffs on US imports as long as Trump maintains 25% universal tariffs on Canadian goods not covered by the Canada-United States-Mexico Agreement (CUSMA) trade deal. Carney emphasized his commitment to protecting Canada’s interests and standing up to the US if necessary.
Canada’s reliance on trade with the US has economists warning of a potential recession if Trump fully imposes tariffs. In contrast, Conservative leader Pierre Poilievre has been compared to Trump in style, which was previously seen as an advantage but is now considered a weakness.
When Canadians go to the polls in the next federal election, the Liberal Party led by Carney will face competition from the Conservative Party (the official opposition), the Bloc Quebecois, and the New Democrats. The match looks to be closer than before, with polls indicating a tight race.
Source: https://www.bbc.com/news/articles/cgm1lg3gj7vo
