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Canada Election: Mark Carney to take over as Prime Minister
Posted
March 10, 2025
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3:38Now PlayingThe governor of the Bank of Canada was under scrutiny. For weeks, press reports had tied Mark Carney to a potential run for the country’s Liberal Party, which was looking for a new leader.
Central bankers are supposed to stay away from politics, but Carney had not snuffed out the speculation. One day in late 2012, after another reporter asked him if he was thinking about becoming a politician, he snapped back. “Why not become a circus clown?” he said.
A dozen years later, Carney has finally entered the circus of Canadian politics.
The 59-year-old former Goldman Sachs banker won the Liberal leadership vote in a landslide on Sunday and is set to replace Justin Trudeau as prime minister. He secured the victory by persuading many Liberals, including much of Trudeau’s cabinet, that he’s the best one to steer the country through its biggest crisis in decades — the threats from US President Donald Trump to inflict economic damage to Canada through a trade war.
Bloomberg News executive editor Derek DeCloet discusses the political divisions within Canada amid growing anger toward the Trump administration. Derek speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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