Mark Carney, a former governor of the Bank of Canada, announced on Thursday that he is standing for the position of leader of the Liberal Party, which is now in power, to succeed Prime Minister Justin Trudeau.
Carney, 59, announced his candidacy at an event in Edmonton, a city far to the west. He presented himself as an outsider not part of Trudeau’s unpopular government.
As a result of the dissatisfaction felt by legislators concerned about the party’s dismal polling numbers in front of an election this year, Trudeau announced his resignation this month.
Trudeau, who assumed office in November 2015, will continue to serve in his current capacity until his successor is selected on March 9.
Mark Carney‘s primary adversary appears to be Chrystia Freeland, who served as the former minister of finance. Trudeau’s decision to resign was precipitated by Freeland’s resignation last month due to disagreements in policy.
Mark Carney’s Main Rival: Former Finance Minister Chrystia Freeland
There is a chance that the new prime minister may not be in power for very long. The minority administration might be overthrown in Parliament as soon as March ends. According to polls, this would result in an election that the official opposition Conservatives are expected to win.
Carney, the lone contender who is not a member of the Trudeau cabinet, has made it abundantly apparent that he intends to run as an outsider with significant expertise in the banking sector.
We are living in a moment that is anything from typical. While giving his launch speech, he stated that the system is not functioning as it should and is not functioning as it could otherwise.
Despite this, he has strong ties to Trudeau, who appointed him to chair a task committee on economic growth in September last year.
However, the Conservatives argue that there is not much of a difference between Trudeau and Carney.
“As a long-time Liberal insider, advisor at least as early as 2020… Carney is the furthest thing possible from an outsider,” the Conservatives said in a statement on Thursday. “Carney is the only person who can be considered an outsider.”
During an interview with Jon Stewart, a political comedian from the United States, Mark Carney stated that the government has not been as focused as it should be on housing and the cost of living, respectively.
Carney began his career in 2004 at the Canadian Finance Ministry after working for Goldman Sachs. When he was appointed governor of the Bank of Canada in 2007, he immediately took over handling the aftermath of the global financial crisis 2of 008.
When appointed governor of the Bank of England in 2013, he became the first person in history to run the world’s most important central banks.
After leaving the bank in 2020, the United Nations appointed him to climate action and finance by the United Nations. He is a person of Brookfield Asset Management.
