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.
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.