Mark Carney Enters Race to Lead Canada’s Liberal Party

Thu Mar 13 2025 02:57:12 GMT+0200 (Eastern European Standard Time)
Mark Carney Enters Race to Lead Canada’s Liberal Party

Mark Carney announces candidacy for Liberal Party leadership amid Canada's political unrest.


Mark Carney, former central banker, aims to revitalize the Liberal Party as it faces mounting challenges following Justin Trudeau's planned departure.

In an unexpected twist in Canada's political scene, Mark Carney, noted for his roles as governor of both the Canadian and British central banks, has declared his intention to run for the leadership of the Liberal Party and vie for the position of Prime Minister. During an announcement made in Edmonton, Alberta, Carney emphasized the urgent need for change, stating, "I’m here to ask for your support. I’m here to earn your trust.”

The political landscape is especially turbulent as Prime Minister Justin Trudeau, after nearly a decade of leadership, has revealed his plan to step down, largely due to a significant decline in public support. Polls indicate that the opposition Conservatives currently hold a staggering 25-point lead over the Liberals, reflecting widespread discontent with Trudeau's governance.

Carney, 59, positions himself as a fresh alternative. Having served as an informal economic adviser under Trudeau during the pandemic, he is keen to break away from Trudeau's increasingly unpopular policies, which include soaring housing costs and a overwhelmed healthcare system. "The system that our parents built worked well for us. But those good old times... are over," Carney stated, signaling his awareness of the challenges ahead.

As he embarks on this political journey, Carney’s experience in the banking sector and advocacy for green investments may serve as pivotal elements in his campaign, as he seeks to restore confidence in the Liberal Party amid an uncertain future.

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