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.
Canada’s new PM is a banker with no political experience—what could possibly go wrong? Clear reporting but lacks deeper analysis of Carney’s potential strategies.
🐱🐱🐱
Is this good? For you guys? I hope so. Canada is now the guiding star.
Bank director as prime minister…
This will be bad in the long run.
No, he pushed mass immigration, in order to derive what he calls economic growth as we trade homes back and forth for ever larger sums, as zoning and developer fees prevent new development.
Housing and rents doubled in 10 years as we did 4% population growth and bought 50% of mortgage bonds, all as he was a Liberal advisor. He’s a champaign socialist like our NDP, and we have no real worker parties left.
Oh. I’m sorry. I guess then pay attention as to how trump’s story goes. I don’t know now how it’s going to go. I hope to be dead by then.
Id guess it knocks over Canada’s housing bubble they built, and we have a lost decade like Japan due to trillions in misallocated capital.
Its mainly full recourse loans as well, its incredibly irresponsible to do mass immigration and stoke demand to distort the market. Its almost like they wilfully broke our country to push climate policy, I can’t see any other way to explain it.
I really hope he does well! His past history in banking and financial sector should help in the tariffs situation.
4 days ago in a conversation with Trump Trudeau said he didn’t know when the elections will take place in Canada. Trump immediately jumped to the conclusion that “Trudeau is using the tariffs to stay in power” and raised a big public stink about it, not once realizing that what Trudeau meant is that the date of the elections (which will have to happen before October of this year no matter what) was completely out of his hands because he was about to step down as prime minister. How the fuck did Trump not know that? It’s not like it was a secret or anything. Everyone knew Trudeau was going to step down today except him.
Wanna bet Trump will be once again confused by this transition and will call it a “coup” now?
American here. I’m jealous.
don’t be jealous bb
Quit showing off.
-usaSweet. Now you got 7 months at most to make enough of a difference for people to keep you in power. Otherwise it’s maple maga millhouse
Congratulations. Now give us proportional representation, or step aside.
Prop Rep: that thing no boomer will ever understand.
Lol, what you think the conservatives will give you this?
I think there are bigger fish to fry right now.
This guy has legit, real-world experience. He has accomplishments out there ass.
Let’s see if he has what it takes first.
And right now? There are bigger issues at stake.
Y’all, I live in the US. Listen to this. We had the same shit conversation with Harris. How many people I had to tell this “A vote is not a valentine, you’re not professing your love for the candidate,. It’s a chess move for the world you want to live in.”
Yes, I’ll agree our Dems can suck, and I’d love someone else… but for the love to my neighbors up north, don’t do the same dumbass move the US did and go “Eh, they’re not good enough” and bring in someone who’s a terror.
Last I checked this was a Liberal leader race, not a Conservative race, chum. And it was the Liberal party that promised this. Independent of anything else going on, that promise is still on them.
How we vote is meaningless, if we wind up being a 51st state.
I WANT proportional rep. But, again, bigger fish to fry right now.
Carney might be a wartime PM. I hope he does what Churchill did. Churchill declared himself Minister of Defence when he was PM of England. Carney should declare himself Minister of Finance as well as PM. He’s qualified.
You’re right & if people don’t listen then I have a feeling Canada will end up a lot like America now under Trump.
I also heard it was no takesies backsies too, so you got the libs good.
Ah yes. Nothing says man for the people like an international bank leader.
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.
Again, it almost another binary race
The alternative is Polievre.
Take however long you like and decide which you’d prefer between the two. Don’t trump us.
Maybe it’s time we let people who know how to handle an economy run countries? It’s not like the alternatives have been that great so far.
We need a better economy and a way to fix things with Trump. This is a prime minister for at least until the elections in October 2025, could end before
Is this reporting true?
After maintaining frontrunner status throughout the two-month race, the former Bank of Canada and Bank of England governor will become this country’s next, and 24th prime minister within days.
How does an unelected banker walk into becoming Prime Minister? Doesn’t he need to be elected by Canadians first?
If true, that seems like a horrendous hole in the system.
It’s how parliamentary democracy works. The Prime Minister (PM) is elected by Members of Parliament (MPs) who are, in turn, directly elected by canadians. Typically, the Prime Minister is the leader of the largest party, but not always since a coalition of smaller parties could theoretically band together to elect their choice for PM. Carney was just elected leader of The Liberal Party of Canada, the largest party currently sitting in the Canadian lower house, by members of said party.
Our head of state and commander in chief is King Charles III, whose power is severely limited by constitutional and conventional traditions. Typically, in a parliamentary system, the head of state is merely a figurehead with no ability to influence policy directly.
Our Cabinet, unlike in the American Presidential system where cabinet members are unelected and appointed by the executive, are by convention chosen by the PM from amongst the directly elected MPs.
The PM can be forced to resign, alongside their Cabinet of Ministers, when a majority of MPs support a ‘motion/vote of no confidence.’ An election can be called at any time, with the maximum period between elections being 4 years.
This system of governance is shared with most Parliamentary and Semi-Presidential democracies with some minor differences.
Thanks for that summary. I think the big gap in my understanding is that the PM doesn’t even have to be an elected official. They essentially always are, but not having that codified is a surprise.
In my nightmare scenario, the cons eke out a majority, toss Pierre, and name Elon Musk as PM is Canada.
It is definitely atypical for the PM not to be a sitting MP, but it is within the confines of the constitution. The PM only needs to be elected by and then maintain the confidence of parliament.
It’s almost certain that he will call an election immediately, however. A non sitting PM won’t maintain parliamentary confidence for long.
Or a Liberal MP in a safe seat will resign and Carney will stand in the subsequent by-election.
You should learn about how parliamentary systems work
Good chance you’re a troll, but maybe take 5 minutes and look up how Canadian elections work?
Why discuss anything at all? Why ask any sort of question in a forum? After all, we can just look everything up.
Why would anyone ask any question in lemmy comments? They can just google it.
Sometimes it’s fun to ask questions.
Hmm… 2 almost identical comments below mine. That isn’t suspicions at all
