The economist and former center of bankers, Mark Carney, won the race to become the new leader of the Liberal ruling party of Canada and the next prime minister of the country.
He was elected head of the Liberal Government, replacing Justin Trudeau, amid historical tensions and fears of a commercial war with the United States.
Car Paney has sworn as prime minister in the next few days, he informs the jazeera.
He is making his first foray into Canadian policy at the highest level in the country, and with a federal election that is coming.
He is also taking the rudder of a party that, after years of decreased support and criticism about its management of social and economic problems, is riding a new wave of political impulse.
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“I will work day and night with a purpose, which is to build a stronger Canada for everyone,” said Carney in his victory speech on Sunday night after securing 85.9 percent of the vote in the first vote.
Tribune Online gives you everything you need to know about Mark Carney and the policies you plan to follow.
Born in the territories of northwestern Canada and raised in the western province of Alberta, Carney has presented himself as a strange politician who can direct Canada through a period of economic agitation and uncertainty.
Carney was the first non -British person to become governor of the Bank of England in his more than 300 years of history when he took the job in 2013.
He previously directed his country of origin through the great recession as governor of the Bank of Canada, the Central Bank of the country, before being expelled from the banking work of Great Britain.
But unlike most PM-Hopefres, Carney has never held a political position. Even so, he won the contest to replace outgoing Prime Minister Justin Trudeau easily.
Now, he must lead the country through one of its most difficult challenges so far: an intensive commercial war with its largest commercial partner, United States.
But clinging to PM's role will be a fight in itself. The next federal elections of Canada are scheduled for this October, but many expect it to be called as soon as this month.
Although Carney has traveled the world, working for Goldman Sachs in places like New York, London and Tokyo, he was born in the remote northern city of Fort Smith, in the Northwest territories.
Son of a high school director, he went to Harvard University with a scholarship, where he played the most Canadian sports, ice hockey. In 1995, he obtained his doctorate in Economics from the University of Oxford.
In 2003, he left the private sector to join the Bank of Canada as Vice Governor, then worked for the Finance Department as a senior vice minister.
In 2007, he was appointed governor of the Bank of Canada, shortly before the global markets crashed, sending the country to a deep recession. His leadership in the Central Bank is widely praised for helping the country to avoid the worst crisis.
Although central bankers are notoriously circums such, it was open about their intentions to keep interest rates for at least a year, after cutting them drastically.
That movement would be accredited for helping companies continue to invest even when the markets sank. He would continue to adopt a similar approach when he was attracted back to London, this time as governor of the Bank of England.
In his time at the headquarters of Threadneedle Street of the bank, he supervised considerable changes in the way the institution worked. At the beginning of his mandate, the bank assumed the responsibility of financial regulation after the abolition of the Financial Services Authority.
The modernization of the bank is attributed, appearing much more frequently in the media than its predecessor.
In 2015, the bank reduced the number of interest rates meetings from 12 to eight per year, and began publishing minutes along with the announcement of interest rates decisions.
Unlike previous governors who generally maintained a low profile, made controversial interventions ahead of two large constitutional referendums.
In 2014 he warned that an independent Scotland could have to deliver powers to the United Kingdom if he wanted to continue using the pound.
Before the Brexit referendum, he warned that a vote to leave the EU could cause a recession.
Following the license vote, after David Cameron resigned as prime minister and the plunger, he addressed the nation in an attempt to assure the country that the financial system would operate as usual.
He described it as his “most difficult day” at work, but said that the contingency plans established by the bank worked effectively.
The bank then reduced interest rates from 0.5% to 0.25%, and restarted its quantitative flexibility program to support the economy.
His last week in March 2020 saw the beginning of the most acutal phase of the Covid pandemic: the bank reduced the rates by 0.5% to support the economy, and Carney told the country that the economic shock “should be temporary.”
The Carney time at the bank gave him a lot of experience in the deal with Donald Trump, who has not only imposed tariffs pronounced to Canada since he returned to office in January, but also suggested that the United States should attach his least powerful neighbor.
2011-18, Carney was president of the Financial Stability Board that coordinated the work of the regulatory authorities around the world, giving a key role in the global response to the policies of the first presidency of Trump.
It was a regular at G20 meetings, with a vision on the Trump side on the global stage.
It is also known as an environmental sustainability. In 2019, it became a special UN envoy for climate change, and in 2021 launched the Glasgow Financial Alliance for Net Zero, a group of banks and financial institutions that work to combat climate change.
His political ambitions have been rumored for years, but until recently the 59 -year -old man had ruled out the idea.
However, things changed when Trudeau resigned in January after his finance minister, Chrystia Freeland, resigned from his cabinet, which caused a game dispute that, together with the Tanking surveys numbers in Treking from Trudeau, led the prime minister to announce his resignation.
Even so, his time in the world of finance has opened him to the criticism of political rivals in Canada.
The conservatives have accused Carney of lying on their role in the move of the central office of the investment firm Brookfield Asset Management from Toronto to New York, although Carney says that the recent formal decision to relocate the company was taken after leaving the Board.
A spokesman for the Carney campaign rejected criticism, telling local media that the decision did not affect Canadian works.
In addition, Carney has faced calls from opposition parties to comply with the rules of conflict of interest to which Canadian legislators are subjects.
As he has never been chosen, Carney is not yet obliged to comply with these processes, which include the dissemination of private interests to an ethics commissioner and transfer their financial participations to blind confidence.
In fact, the fear of a commercial war with Washington has helped reinforce support for liberals in recent weeks. The surveys show that the party has reduced what was once a deficit of 26 percentages behind the conservatives.
The future of Canada-United States ties seems to be the central issue of the next elections, and Canadians are uniformly divided on the question of which leader is better suitable for driving the president of the United States.