Unlock free Digest editor
Roula Khalaf, editor of FT, chooses her favorite story in this weekly newsletter.
The Canadian ruling Liberal Party chose Mark Carney as a new leader, and therefore the prime minister, placing his face between former central banker and US President Donald Trump.
On Sunday, the party announced that Carney won the competition to replace Justin TruDeau, which stepped down as a leader In January after a months of conflict of the party and bad polls.
However, the celebrations of Carney and his team in Ottawa will be in the narrow place because Canada is facing a trade war with his southern neighbor. Trump has threatened to charge wide tariffs On the export of Canada and mocking that the country should become 51. The US state.
At the end of the race was not close. Carney won with 131,674 votes, or 86 percent, ahead of former Finance Minister TRUDEAUA CHORYSTIA FREE with 11,134.
Carney said the party would continue fiscal responsibility and social justice as he tries to unite Canada. “My promise to you and all Canadians is to build a stronger Canada for everything,” he said.
He said his government would find new trade relations with “reliable partners.”
“My government will keep the tariffs until Americans show us respect,” he said.
Carney is expected to replace Trudeau immediately, who was at the Liberal Party event on Sunday.
During the campaign, Carney indicated that he would call the election shortly after winning first, to secure a mandate from the Canadian people to fight the Trump of Tariff Battle.
“Carney has an international profile and indisputable gravity when it comes to dealing with economic things, although he has no optional experience,” said Dimitry Anastakis, a professor at the Rotman School of Management at the University of Toronto.
Trump’s regular attacks on Canada – threatening to annex her and place the tariffs on her wood, dairy and dairy products and steel – emphasized the liberal party, which was Faced with almost safe choices.
Carney said on Sunday that Canada “will never, never, be part of America in any way,” adding: “We have to build a new economy and new trade relations.”
Carney was for a campaign that the crisis management veteran was most appropriate for the management of Trump’s hostilities, emphasizing his time as Canada Central Bank Governor during the Global Financial Crisis in 2008 and then the British Central Bank governor throughout Brexit.
Polls show that the Liberal Party has narrowed the leadership of conservatives on the eve of this year’s elections.
“Two months ago, he was a liberal leader was like a blind job,” said David Coletto, Executive Director of Abacus Data, a dial company based in Ottawa.
“Thanks to Trump, Mark Carney will appear as the next prime minister with almost a chance to throw a coin to make unthinkable, which led the liberals to their fourth direct victory in the choice,” he said.
Several years of opposition conservative party under Pierre Poilievre It was expected to easily be able to form a majority government in the next election. But Trump and Carney, as a Canadian Prime Minister, changed that path.
On Wednesday, the Angus Reid Institute’s poll reported that 43 percent of Canadians thought that Carney was best faced against Trump, compared to 34 percent chosen by Poilievre.
Carney, 59, has committed to “build the strongest economy in G7” and “Reform Government and Tax System” with incentives for construction and investment.
The rumors of Carney’s interest to become the Prime Minister intensified at the end of last year, because Trudeauu’s government was fluttering at the polls because of his policies on immigration, the cost of living and accessibility of apartments.
Carney recently resigned as chairman Brookfield Asset Managementwhich has close to 1 for property under management. He was also chairman of the Bloomberg Committee and the UN Special Envoy for Climate Action and Finance, and spent more than a decade in Goldman Sachs.
He vowed to break all his corporate relationships and put a portfolio of property in trust if he became a prime minister.
