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.
The real weird part is he quit Brookfield’s ESG department to be the PM, and one of his only policies announced so far is to replace the carbon tax with a foreign emitters tariff style tax, and to allow them to buy carbon credits from company like Brookfield.
Which is known to be no more than greenwashing, as we are still the only county in the G7 without high speed rail, and he also supports mass immigration from low emitting country. Then there was talk of letting Brookfield manage Canadian pension system, its all very fishy.