Former head of UK central bank enters race to take over from Justin Trudeau as leader of Liberal Party and Canada
EDMONTON, Alberta (Reuters) - Former Bank of Canada governor Mark Carney announced on Thursday that he is running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party. Carney, 59, launched his bid at an event in the western city of Edmonton, casting himself as an outsider who was not part of Trudeau's unpopular government.
Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013. He had previously worked at the investment bank Goldman Sachs, and served as the governor of the Bank of Canada, the country's central bank.
Former central banker Mark Carney has strongly suggested he will run to be Canada’s next prime minister during an appearance on Jon Stewart’s ‘The Daily Show’.
The frontrunners for the Liberal leadership are former central banker Mark Carney and ex-Finance Minster Chrystia Freeland.
Mark Carney, a former Bank of Canada and Bank of England head, announced his bid for Canada's prime minister. He criticized current PM Justin Trudeau'
In a report following its review of actions taken in response to the pandemic, the Bank of Canada committed to using an exit condition for quantitative easing (QE) in the event it’s needed again, and to communicate more clearly the rationale behind the use of the program.
Mr Carney, who was also governor of the Bank of England, is running as an outsider with considerable financial experience. Read more at straitstimes.com.
Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.
Chrystia Freeland, whose abrupt resignation as finance minister last month forced Justin Trudeau's exit as prime minister, said she is running to be the next leader of the Liberal Party and Prime Minister of Canada.
Chrystia Freeland has called for economic retaliation if President-elect Trump follows through with his threat to impose tariffs.