
Mark Carney Finds His Moment in Canadian Election Shaped by Trump
- Americas
- April 28, 2025
Mark Carney flirted with Canadian politics just when he built a race abroad, rejecting sacrifices to join the cabinets at least twice.
Then, in January, President Trump, threats of tariffs and annexation against Canada, raised a crisis that seemed to measure for one of the most experienced economic agitation managers in the world.
In a matter of weeks, Mr. Carney was prime minister.
Now, he leads the Liberal Party of Canada to a federal election, competing for a full term in the superior political work in his country of birth after decades of high profile work in the public and private sectors around the world.
Mr. Carney, 60, cuts a thin and athletic figure and occurs impeccally in custom suits. Your tone can be a teacher with occasional flashes or dry humor.
Hey lacks the obvious charism or his predecessor, Justin Trudeau, who duration of his peak caused the crowds to crumble.
And it also lacks the polished, retail-political presentation of its main electoral opponent, Pierre Poilievre, 45, the leader of the Conservative Party.
And after years in high -level positions abroad, the detractors say they are out of contact with Canada and the Canadians.
But although Mr. Carney is a rookie in the chosen position, his speech for the Canadians is that he is an experience in what Canada needs at this time: a leader as different as Mr. Trump can be, and a stable hand to direct Canada through a generational challenge.
Knowing the moment
“If it is not a crisis, I would not see me,” Carney told a local media in early March, days before being chosen to replace Mr. Trudeau as leader of the liberals and become prime minister.
“I am more use in a crisis,” he added. “I’m not so good in peacetime.”
Trump, since his election in November, has pressed the threatening rhetoric over Canada, threatening to make the country the State 51. It has also made Canada, the main ally of the United States and the commercial partner, the objective of the waves of the rates, the disturbances of Canadian exports and industries.
Some economists predict that levies will push the country to a recession, and an economic slowdown seems inevitable.
Canada, an average power permanently connected to the United States by pure geography, depends on its southern neighbor for its safety.
The Trump rise of the World Order of Russia, the Commercial War with China and the attack against other Western Allies, Canada’s leaves without employment in a changing world.
Mr. Carney says he is the man who deal with all this.
He has his money in his campaign around Trump’s threat to Canada, promising to negotiate a new holistic agreement with the United States to address trade and other areas. And he has leaned towards the threats of annexation of Mr. Trump, presenting himself as the defender of Canada.
“Donald Trump wants to break us so that the United States can own us. It is our strength what Americans want,” supporters of a recent demonstration told supporters. “They want our resources, they want our water, they want our country, they want our country. They can have it.”
Mr. Carney did not agree with an interview with The New York Times.
International fire
Mr. Carney has soft their international connections to convince Canadians that they can align the allies.
Since he became Prime Minister in March, he visited London and Paris, and began negotiating an agreement of the military industry between Canada and the European Union.
Born in the territories of the Northwest and raised mainly in Edmonton, Alberta, Mr. Carney was one of the four children. His parents were teachers. He left Canada to study in Harvard and then at the University of Oxford, where he with his wife, Diana Fox Carney, also economist. They have four children.
Mr. Carney spent 13 years at Goldman Sachs in offices around the world before returning to Canada and working in the Ministry of Finance.
In 2008, he became governor of the Bank of Canada, helping Canada to survive the global financial crisis as the US banking system entered into collapse.
In 2013, due to his perceived success in that role, he was hired as governor of the Bank of England, the first non -British citizen in the history of the institution to occupy the position.
He had the task of guiding the pound and the vital banking sector of Great Britain through the interruption of Brexit, when the country retired from the European Union.
Mr. Carney has been using his Brexit experience to highlight that he understands the moment of the hinge that Canada faces with Trump in the White House.
“I’ve seen this movie before. I know exactly what is going to happen,” he said in the campaign.
Adapts to things
The conservatives have approached Mr. Carney’s adjustments for the evidence that it is not suitable for leading Canada.
His international experience, critics say, is a career in thin circles such as the World Economic Forum in Davos, painting it as an out of contact that has not spent any time dealing with common people.
And his post-center banking career has been left open to attacks. From 2020 to January, when he resigned to run for the liberal leader, Mr. Carney was the president of the Board of Directors of Brookfield Asset Management, a Canadian investment giant.
It has been blamed for the company’s offshore tax tactics, its expansion of China and its investment options, all of which can have a reflexive or cunning management of a private company, but are not necessarily attractive to voters. Fiscal evasion by corporations is seen as a legal trap by many voters, while Canadians have been grated in China due to a crisis in the relationship between the two countries.
And Mr. Carney has been defensive of their adjusted lives and their private wealth, sometimes clashing journalists to press it to unleashed their investments and stressing that it has followed the rules of Ethics of Canada.
A devotee centrist
Mr. Carney promotes himself as a centurist and a pragmatic, in contrast to his predecessor, Mr. Trudeau, who biased to the left and was criticized for seeking ideological policies at the expense of the results of the real world.
When he became Prime Minister, Mr. Carney quickly launched a tax on domestic carbon emissions that was deeply unpopular, despite having been a vocal defender of this type of policy as one of the most prominent lawyers in the world for sustainable green finances.
Mr. Carney seems to be trying to the desire to change many Canadians after 10 years of liberal government under Mr. Trudeau, as well as the conservative party tries to present the case that is not a difference between the two men.
Mr. Carney’s party is surveying about three percentage points ahead of conservatives while the country is aimed at surveys.
He has also tried to reach a uniform and slight tone in his campaign, in contrast to the combative rhetoric of Mr. Poilievre.
But people who know Mr. Carney point out that, behind closed doors, the economist has a difficult side and sometimes a temperament.
Demanding Chief
In his previous roles, Mr. Carney was reputed to be the smartest type in the room. And the former co -workers say that he tried a clear and decisive leadership, something that the people who liked their direction appreciated, but sometimes they made others feel razed.
The Times spoke with five people who worked for Mr. Carney and did not do it because being named because their current roles require neutral politicians.
Several said Mr. Carney would quickly close the ideas or debates that they felt they were wrong, a practice that was known as “criticized” among the staff of the Bank of England, because he felt like an acute and unpleasant joltt.
But most of the former co -workers were admired of him and several said that he professionalized the Bank of England in an inclusive way and changed some traditions of long heroes cliques.
“It is very competent, it has a lot of confidence: the guy dominates his summaries like nobody,” said Anil Kashyap, economist at the University of Chicago’s Booth School of Business, who knows Mr. Carney for years and worked with him at the Bank of England.
If Mr. Carney needed to learn on a subject, Mr. Kashyap said: “He will have seen it from three different directions.”
Adult in the room
The professional credentials of Mr. Carney, and their adhesion to liberal parties, social progressive beliefs are attractive to a wide cross section of voters, suggest public opinion surveys. Most surveys show that liberals are ready to ensure a majority in Parliament, after two consecutive minority governments led by Mr. Trudeau.
In a demonstration in Surrey, British Columbia, last week, Barb and Hannah Gelfant, a mother and a daughter who had driven 90 minutes to be there, said Mr. Carney was reassuring to face Mr. Trump and preserve progressive values.
“For me it is important that everyone says they are all free to love who they want to love,” said Mrs. Gelfant, 25. “It is archaic for me that it can be politicians in Canada that do not recognize the LGBTQ+community.”
“From a financial perspective, he knows what he is doing,” said his mother, Barb, 65.
Bryan Pezzi, 53, a library worker, intervened: “Mark Carney is uniquely qualified,” he said. “He is the adult in the room.”
Jeanna Smialey Brussels reports reported, and Eshe Nelson From London.