Former central banker Mark Carney has been elected as the new leader of Canada’s governing Liberal Party, paving the way for him to become the country’s next prime minister as a federal election looms.
Carney, 59, succeeds outgoing Prime Minister Justin Trudeau, who announced his resignation in January but will remain in office until his successor is sworn in over the coming days.
Carney brings considerable experience to the role, having previously served as the governor of both the Bank of Canada and the Bank of England.
His tenure at the Bank of England in 2013 made history as he became the first non-citizen to lead the institution since its establishment in 1694.
Widely credited with helping Canada recover from the 2008 financial crisis more swiftly than many other nations, Carney earned bipartisan praise in the United Kingdom for his handling of economic challenges.
The upcoming federal election is expected to be fiercely contested, with the opposition Conservatives aiming to capitalise on Trudeau’s declining popularity.
The former prime minister has faced mounting criticism over surging food and housing costs, as well as record-high levels of immigration.
However, growing Canadian nationalism in response to U.S. President Donald Trump’s trade policies and his controversial remarks about annexing Canada as the 51st American state has significantly bolstered the Liberals’ prospects.
Trump’s policies have provoked widespread indignation among Canadians, with instances of the American national anthem being booed at National Hockey League (NHL) and National Basketball Association (NBA) games.
Additionally, many Canadians have reportedly begun cancelling trips to the United States and opting to avoid purchasing American goods wherever possible.
The nation now prepares for a crucial election in the coming weeks.
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