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Tuesday, January 7, 2025

Ex-governor of Bank of Canada Mark Carney considers replacing Trudeau

Mr Carney ranked second place in a poll conducted by the Angus Reid Institute on Friday of the most likely candidate to replace Mr Trudeau as Liberal Party’s leader.

• January 7, 2025
Trudeau/Mark Carney
Trudeau and Mark Carney

A former governor of the Bank of Canada and Bank of England, Mark Carney, said he is “considering” throwing his hat in the ring to become Canada’s prime minister shortly after Justin Trudeau’s resignation.

Mr Carney was eyeing Canada’s highest office, particularly as he was “considering this decision closely with my family over the coming days.” according to his statement to Bloomberg where he sits among the board of directors.

Mr Carney, seen as a messiah of some sort given his extensive financial knowledge and being the first non-Briton to head the Bank of England, has the majority of Canadians looking up to him to lead the nation and save it from an imploding economy.

He ranked second place in a poll conducted by the Angus Reid Institute on Friday of the most likely candidate to replace Mr Trudeau as leader of the Liberal Party. In first place was Chrystia Freeland, who served as Mr Trudeau’s former deputy prime minister until her controversial resignation in December 2024.

Freeland’s unprecedented exit intensified calls for Mr Trudeau to step down, culminating in his decision to resign amid mounting criticism of his handling of the economy.

Having worked as governor of Bank of England from 2008 and 2013 and Bank of Canada between 2013 and 2018, UN special envoy for climate action and finance, many believe that Mr Carney was highly credentialed and competent enough to lead Canada out of economic turmoil.

Under Mr Trudeau, the nation faced economic challenges that stemmed from the housing crisis and skyrocketing inflation, causing many citizens to lose confidence in his leadership.

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