Canada has selected its leader while preparing to sail in the current trade tensions with its neighbor to the south.
CBC News planned on Monday evening that the Liberal Party will form the next government and will give Prime Minister Mark Carney a complete mandate. At the time of publication, it is not clear if they will have a majority – 172 seats in the House of Commons are necessary – or if they will need to form a coalition in power. At 11:53 p.m., the Liberal Party had obtained 160 seats, by election, Canada’s real time tracker.
Carney, a former Goldman Sachs banker and the former Governor of Central Banks in Canada and England, defeated the conservative Stone Hairy, as well as Jagmeet Singh of the New Democratic Party and Yves-François Blanchet of the Bloc Québécois, according to the projection of CBC News.
Canada commercial availability with the United States
The commercial dispute with President Donald Trump and the United States was a key problem in the elections and a springboard for Carney’s success. The Conservative Party, which took place on domestic issues such as immigration and the cost of living, held an important advance in the polls until the prices become high of the country.
Carney has been at the head of the Liberal Party since March, when he succeeded Prime Minister Justin Trudeau. Trudeau was Canadian Prime Minister from 2015 to 2025.
Carney presided over a period of national pride for Canada when the country reacts to American prices and the threats of President Donald Trump to annex Canada as a 51st state.
In a speech in March, Carney spoke in ardent terms of the new political climate with the United States.
“I know that these are dark days. Dark days caused by a country in which we can no longer trust,” he said.
In the weeks that followed that Carney began directing Canada, Trump imposed a 25% rate on cars, aluminum and steel. Another 25% price on automotive parts should take effect on May 3. The United States also has a 25% rate on Canadian goods that are not exempt from the Unionds-Mexico-Canada Agreement.
Canada has imposed 25% prices on American products, including steel, aluminum products and cars.
A few Canadians have started boycotting American products and avoiding the United States. The prices have fueled a “buying Canadian” movement, and airlines and other travel companies have reported a drop in Canadians visiting the United States.
Hairy was to become the next Prime Minister of Canada before Trump’s trade policy repelled the Canadians to the Liberal Party, which had been in power under Trudeau. Hairyvre, who has been compared to Trump, has directed the Canada Conservative Party since 2022 and has been used in Parliament since 2004.
Carney has training in commercial and international roles
Carney spent 13 years working for Goldman Sachs in London, Tokyo, New York and Toronto.
He directed two central banks at pivotal times.
After leaving Goldman Sachs in 2003, Carney was the vice-government of the Banque du Canada. He was appointed governor in 2008, at the start of the global financial crisis.
He was the governor of the Bank of England from 2013 to 2020, where he guided the bank’s response to Brexit.
Since leaving the Bank of England, Carney has occupied a mixture of commercial and international roles. He was appointed vice-president of Brookfield Asset Management In 2020 and became president after the division was transferred as a new company in 2022.
In 2021, Carney became a member of the board of directors of the digital payment company Band. He was appointed president of Bloomberg’s Advice in 2023.
In January, Carney said that when he was announced by his management submission to the Liberal Party that he had resigned from all of his commercial and international roles.
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