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Home Breaking News

Former Bank of England governor named new prime minister of Canada

Sarah Taylor by Sarah Taylor
March 9, 2025
in Breaking News, World
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Former Bank of England governor named new prime minister of Canada
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Former Bank of England governor Mark Carney will become the new prime minister of Canada after winning the Liberal Party leadership race in a landslide victory.

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Mr Carney, who also used to be the head of Canada’s central bank, emerged as the frontrunner in the contest as the country deals with the impact of tariffs imposed by US President Donald Trump.

He ended up winning 85.9% of the vote.

The 59-year-old will replace Justin Trudeau, who has served as prime minister since 2015.

Mr Trudeau announced he was stepping down in January after facing calls to quit from a chorus of his own MPs.

The 53-year-old’s popularity had declined as food and house prices rose.

Mr Carney will now have to decide when to call a general election in Canada – which must take place on or before 20 October.

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In 2013, he became the first noncitizen to run the Bank of England since it was founded in 1694.

His appointment was popular in the UK after Canada recovered from the 2008 financial crisis faster than many other countries.

Read more:
Trudeau steps down with his popularity in shreds
Canadian PM criticises Trump over tariffs

Donald Trump’s tariffs against Canada and his talk of making the country America’s 51st state have infuriated Canadians.

The American national anthem has been repeatedly booed at NHL and NBA games.

Some are cancelling trips south of the border, and many are avoiding buying American goods when they can.

During leadership debates, Mr Carney argued he was the only person prepared to handle Trump.

“I know how to manage crises,” he said.

“In a situation like this, you need experience in terms of crisis management, you need negotiating skills.”

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The surge in Canadian nationalism has bolstered the Liberal Party’s chances in a parliamentary election.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

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