Mark Carney succeeds Justin Trudeau as next Canada PM

India Today

Mark Carney, a 59-year-old Harvard graduate and former central banker with no prior experience in public office, has been appointed as Justin Trudeau's successor, becoming Canada's next Prime Minister and leader of the ruling Liberal Party.

Transcript

00:00All right we have some news coming in this morning. Former central banker Mark

00:04Carney has become Canada's next Prime Minister after the governing Liberal

00:09Party elected him its leader its leader on Sunday. With this President Donald

00:15Trump's trade war and annexation threat and a federal election looms, Carney 59

00:22replaces Prime Minister Justin Trudeau who announced his resignation in January

00:27but remains Prime Minister until his successor is sworn in in the next few

00:31days. Carney won in a landslide winning 85.9% of the vote. We'll be getting you

00:37more updates on that big story but we're talking about the announcement of the

00:42former central banker Mark Carney as the new Canadian Prime Minister as a

00:46successor to Justin Trudeau.

00:50The Canadian government has rightly retaliated and is rightly retaliating

00:55with our own tariffs that will have maximum impact in the United States and

01:00minimum impact here in Canada. My government will keep our tariffs on

01:06until the Americans show us respect.

01:12All right I'm going to go straight across to Shashank Mattu for more details

01:16on that story at this point in time. Shashank just take us to the highlights

01:20of this new appointment the former central banker is the new Prime Minister

01:24of Canada. Yeah so Mark Carney is the former governor of the Bank of Canada

01:32and the Bank of England. He's widely acknowledged to be a rock star

01:36economist that's the label that's often assigned to him. He was very much an

01:40outsider in this year's election campaign. There have been rumors swirling

01:44for several years that Mark Carney was considering a jump into electoral

01:48politics. Justin Trudeau had earlier tried to recruit him as his finance

01:53minister but Mark Carney always had his eye on becoming Prime Minister with an

01:57ambition that he has now achieved in his speech. You know he has had this unique

02:02opportunity both of replacing Justin Trudeau and distancing himself from

02:06Justin Trudeau's legacy in some ways because Trudeau has become extremely

02:10unpopular given the fact that the Liberal Party is now headed into an

02:13election. It needs to keep a majority in place and it is facing a tough challenge

02:18from the opposition Conservative Party. So Mark Carney in his victory speech used

02:23his credentials as an economist, distanced himself from a lot of

02:26proposals that have made Justin Trudeau extremely unpopular but he also promised

02:30to stand up to Donald Trump who is President of the United States and who in the

02:35minds of many Canadians is trying to bully Canada by saying that it will

02:39become America's 51st state and so on and so forth. This has given a major poll

02:43boost to Justin Trudeau and the Liberal Party and now Mark Carney has to take up

02:47that mantle and lead the party to an election victory. So definitely an

02:51outsider coming in from nowhere and has taken up the mantle of leadership of

02:56the Liberal Party and will now become Canada's Prime Minister.

02:59Alright I'm gonna thank you Shashank Mattu getting us those details and putting

03:03that important story into perspective a new appointment in Canada and the

03:07impact of fit as par as the relationship between America and Canada is concerned.

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