The Liberal Party of Canada’s new leader is Mark Carney, a former governor of both the Bank of Canada and the Bank of England. Carney was named the winner at a convention on Sunday in Ottawa, where people in red and white waved miniature Canadian flags. Once he is sworn in, Carney will succeed Trudeau as prime minister. Carney stated in his address to the convention that “fiscal responsibility, social justice, and international leadership” would be his guiding principles for governance. Additionally, he acknowledged his predecessor’s role as “a fighter for Canada.” Carney remarked to Trudeau, “You have led us through some of the hardest challenges that this nation has ever faced.” With the House of Commons returning on March 24 and Canada facing what Trudeau referred to as an “existential crisis” as a result of the U.S. trade war, all eyes will now be on when he decides to launch a federal election. Who is prepared to join me in defending Canada?” Carney posed the question to the audience, eliciting applause. “Two months ago, I put up my hand to run for leader because I felt we needed big changes,” he continued. However, significant changes guided by enduring Canadian values. “We are strongest when we are one economy, not 13,” Carney said in his speech in support of unity. “I know that these are dark days,” he continued. Dark times brought on by a nation we can’t trust anymore. The shock is starting to wear off, but we should never forget the lessons. We need to look out for one another and take care of ourselves. In the difficult days ahead, we must band together. Since Trudeau acknowledged that he had been speaking with Mark Carney “for years about getting him to join federal politics,” there had been rumors that Carney would enter politics. Carney stated that he would “put into action our plan to build a stronger economy, to create new trading relationships with reliable trading partners, and to secure our borders” in regards to the days that lie ahead. Carney reiterated that he would reverse two important fiscal policies implemented by the Trudeau administration. I’m primarily a pragmatic person. Therefore, I will alter something if I discover that it is not working. He added, “My government will immediately stop the increase in capital gains tax and the divisive carbon tax” on consumers.” However, he went on to say that he would maintain Canada’s retaliatory tariffs against the United States and that any revenue generated by those tariffs would be used to help workers in Canada. He stated, “My government will continue our tariffs until the Americans show us respect.” Donald Trump, according to Carney, was attempting to harm Canada’s economy. He declared, “Canada will win in trade, like hockey.”
Mark Carney is the new Liberal leader, replacing Justin Trudeau
