Summary
Mark Carney has been elected as the new Liberal Party leader in Canada with a commanding 85.9% of votes, following Justin Trudeau’s resignation.
The former Bank of Canada and Bank of England governor will become Canada’s 24th prime minister within days.
In his victory speech, Carney took aim at both Donald Trump and Canadian Conservative Leader Pierre Poilievre, vowing to maintain Canada’s tariffs until Americans “show us respect.”
Carney, despite never holding elected office, enters leadership as Canada faces trade tensions with the U.S. and a potential early election. He must secure a parliamentary seat and finalize the transition with Trudeau.
Is this good? For you guys? I hope so. Canada is now the guiding star.
He has a PhD in Economics and was the head of the Bank of Canada and more recently the head of the Bank of England. So yeah……can’t think of a better resume to navigate us through a trade war.
Worth noting he was head of Bank of Canada during the 08 crash and was pretty widely lauded for navigating it so well. So he’s proven himself in a crisis.
Would I prefer someone further left? Of course, but as long as we live in a market economy we may as well have someone knowledgeable about it and who has at least expressed a desire to make it more fair.
He at least won’t privatize your healthcare.
Bank director as prime minister…
This will be bad in the long run.
No, he pushed mass immigration, in order to derive what he calls economic growth as we trade homes back and forth for ever larger sums, as zoning and developer fees prevent new development.
Housing and rents doubled in 10 years as we did 4% population growth and bought 50% of mortgage bonds, all as he was a Liberal advisor. He’s a champaign socialist like our NDP, and we have no real worker parties left.
If your rents doubled while your population increase was only 4%, it sounds like immigration wasn’t the issue, now was it?
Blaming poor people for the housing bubble is like blaming a fish for the rain. Look up.
The problem is nimbyism, sprawled zoning, and large developer taxes used to lower property taxes; which is why matching immigration to housing completions is important, and an obvious thing to do if you care about the poor.
But people downvote criticism of their faux progressives. People got a whole 400$ in dental work as their rents doubled, wholly unfunded and paid with future austerity of course.
Our population increased by 10 million during Trudeau. As a homeowner I’m not complaining lol
Oh. I’m sorry. I guess then pay attention as to how trump’s story goes. I don’t know now how it’s going to go. I hope to be dead by then.
Id guess it knocks over Canada’s housing bubble they built, and we have a lost decade like Japan due to trillions in misallocated capital.
Its mainly full recourse loans as well, its incredibly irresponsible to do mass immigration and stoke demand to distort the market. Its almost like they wilfully broke our country to push climate policy, I can’t see any other way to explain it.
4 days ago in a conversation with Trump Trudeau said he didn’t know when the elections will take place in Canada. Trump immediately jumped to the conclusion that “Trudeau is using the tariffs to stay in power” and raised a big public stink about it, not once realizing that what Trudeau meant is that the date of the elections (which will have to happen before October of this year no matter what) was completely out of his hands because he was about to step down as prime minister. How the fuck did Trump not know that? It’s not like it was a secret or anything. Everyone knew Trudeau was going to step down today except him.
Wanna bet Trump will be once again confused by this transition and will call it a “coup” now?
Funnily enough, Ontario premier Doug Ford used the tariffs (and $3 billion in bribe money) to stay in power.
Trump is a paranoid, manic, narcissist. So he thinks he knows everything, and everyone is out to get him.
He’s also a fucking moron, end of.
Quit showing off.
-usaAmerican here. I’m jealous.
don’t be jealous bb
I really hope he does well! His past history in banking and financial sector should help in the tariffs situation.
Congratulations. Now give us proportional representation, or step aside.
Lol, what you think the conservatives will give you this?
I think there are bigger fish to fry right now.
This guy has legit, real-world experience. He has accomplishments out there ass.
Let’s see if he has what it takes first.
And right now? There are bigger issues at stake.
Y’all, I live in the US. Listen to this. We had the same shit conversation with Harris. How many people I had to tell this “A vote is not a valentine, you’re not professing your love for the candidate,. It’s a chess move for the world you want to live in.”
Yes, I’ll agree our Dems can suck, and I’d love someone else… but for the love to my neighbors up north, don’t do the same dumbass move the US did and go “Eh, they’re not good enough” and bring in someone who’s a terror.
Last I checked this was a Liberal leader race, not a Conservative race, chum. And it was the Liberal party that promised this. Independent of anything else going on, that promise is still on them.
How we vote is meaningless, if we wind up being a 51st state.
I WANT proportional rep. But, again, bigger fish to fry right now.
Carney might be a wartime PM. I hope he does what Churchill did. Churchill declared himself Minister of Defence when he was PM of England. Carney should declare himself Minister of Finance as well as PM. He’s qualified.
You’re right & if people don’t listen then I have a feeling Canada will end up a lot like America now under Trump.
I also heard it was no takesies backsies too, so you got the libs good.
Prop Rep: that thing no boomer will ever understand.
Sweet. Now you got 7 months at most to make enough of a difference for people to keep you in power. Otherwise it’s maple maga millhouse
Canada’s new PM is a banker with no political experience—what could possibly go wrong? Clear reporting but lacks deeper analysis of Carney’s potential strategies.
🐱🐱🐱
Carney was governor of the Bank of Canada during the 2008 crash, and did so well that Canada climbed out of the recession/depression quicker than most other nations.
He then went on to become the first non-UK citizen (since the 1600s) to lead the Bank of England during the Brexit crisis. He advised Boris Johnson to not go through with it, but Boris decided to anyway. Many believe that is why the UK has, until recently, held onto a relative economic stability – but even now are also discussing trying to rejoin the EU.
I watched Carney back in 2008-09 when he spoke to Parliament … he didn’t lie, he never waffled on the possible dangers we faced, and he worked hard to pull us through.
He is a different kind of man, and a different kind of economist. He’ll do great as our PM.
Carney’s economic record is stellar, but governing demands more: public trust, coalition-building, and political foresight.
His leadership during the 2008 crash and Brexit showcased technical brilliance, yet these roles lacked the messy compromises of politics. Advising Boris Johnson was impactful, but it’s not equivalent to leading a nation divided by ideology.
Integrity matters, but so do adaptability and vision—qualities Carney hasn’t demonstrated in the political arena.
😺😺😺
Is this reporting true?
After maintaining frontrunner status throughout the two-month race, the former Bank of Canada and Bank of England governor will become this country’s next, and 24th prime minister within days.
How does an unelected banker walk into becoming Prime Minister? Doesn’t he need to be elected by Canadians first?
If true, that seems like a horrendous hole in the system.
It’s how parliamentary democracy works. The Prime Minister (PM) is elected by Members of Parliament (MPs) who are, in turn, directly elected by canadians. Typically, the Prime Minister is the leader of the largest party, but not always since a coalition of smaller parties could theoretically band together to elect their choice for PM. Carney was just elected leader of The Liberal Party of Canada, the largest party currently sitting in the Canadian lower house, by members of said party.
Our head of state and commander in chief is King Charles III, whose power is severely limited by constitutional and conventional traditions. Typically, in a parliamentary system, the head of state is merely a figurehead with no ability to influence policy directly.
Our Cabinet, unlike in the American Presidential system where cabinet members are unelected and appointed by the executive, are by convention chosen by the PM from amongst the directly elected MPs.
The PM can be forced to resign, alongside their Cabinet of Ministers, when a majority of MPs support a ‘motion/vote of no confidence.’ An election can be called at any time, with the maximum period between elections being 4 years.
This system of governance is shared with most Parliamentary and Semi-Presidential democracies with some minor differences.
Thanks for that summary. I think the big gap in my understanding is that the PM doesn’t even have to be an elected official. They essentially always are, but not having that codified is a surprise.
In my nightmare scenario, the cons eke out a majority, toss Pierre, and name Elon Musk as PM is Canada.
Look up Kim Campbell. Our only female Prime Minister.
One catch: members of the House of Commons have to be elected to have a seat on the floor where debates and voting happens, so until elected in a byelection or national, Carney will be watching from the gallery and directing someone to put out his opinions. It happens sometimes in Parliament. Much of his work will be in meetings anyway.
They can’t toss Pierre. He would have to step down (like Trudeau) or die. Then the party re-elects a new head who would become PM until an election is called or required as mentioned earlier, we will have an election no later than October this year.
It is definitely atypical for the PM not to be a sitting MP, but it is within the confines of the constitution. The PM only needs to be elected by and then maintain the confidence of parliament.
It’s almost certain that he will call an election immediately, however. A non sitting PM won’t maintain parliamentary confidence for long.
Or a Liberal MP in a safe seat will resign and Carney will stand in the subsequent by-election.
It’s the same way in the US for the house majority leader (not sure about senate)
The elected members could vote for anyone. If Musk wanted to be the house leader, they are so far up his ass it would probably happen.
You should learn about how parliamentary systems work
Good chance you’re a troll, but maybe take 5 minutes and look up how Canadian elections work?
Why discuss anything at all? Why ask any sort of question in a forum? After all, we can just look everything up.
Why would anyone ask any question in lemmy comments? They can just google it.
Sometimes it’s fun to ask questions.
Hmm… 2 almost identical comments below mine. That isn’t suspicions at all
Ah yes. Nothing says man for the people like an international bank leader.
Maybe it’s time we let people who know how to handle an economy run countries? It’s not like the alternatives have been that great so far.
Jesus fuck thank you.
I don’t want an administrator or mechanic removing my appendix.
I hate that he’s the best option now and I am actively working to dismantle and replace orphan crushing capitalism, but at least he has a resume that is worth hiring for the job. Singh just hasn’t been very effective.
I would never let toddlers near my oscillating saw nor Poilievre near the Bill of Rights. Everyone who knows Skippy hates Skippy.
He’ll handle the economy in favor of the rich.
The real weird part is he quit Brookfield’s ESG department to be the PM, and one of his only policies announced so far is to replace the carbon tax with a foreign emitters tariff style tax, and to allow them to buy carbon credits from company like Brookfield.
Which is known to be no more than greenwashing, as we are still the only county in the G7 without high speed rail, and he also supports mass immigration from low emitting country. Then there was talk of letting Brookfield manage Canadian pension system, its all very fishy.
Again, it almost another binary race
The alternative is Polievre.
Take however long you like and decide which you’d prefer between the two. Don’t trump us.
We need a better economy and a way to fix things with Trump. This is a prime minister for at least until the elections in October 2025, could end before
Why do we have to fix anything with Trump? The dumb cunt has blacklisted Switzerland as having “unfair trade”, and has alienated Mexico, China and Canada … and that’s happened in less than 7 weeks!
Within 4 months he’s gonna have a shit ton of nations solidly against him, and the embargos will start happening.
Fuck him and everyone who supports him. They can rot in hell.
“Fix things with Trump” can mean anything including back the American people in overthrowing him.
