Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Carney sets his sights on leadership as Canada faces election countdown

by January 17, 2025
January 17, 2025
Carney sets his sights on leadership as Canada faces election countdown

Mark Carney, the former governor of the Bank of England, has joined the contest to succeed Justin Trudeau as leader of Canada’s ruling Liberal Party.

His announcement comes just over a week after Trudeau stepped down, amid dismal polling and growing discontent from his own MPs, ending a nine-year tenure at the helm of Canadian politics.

Carney, 59, will stand in the Liberal leadership race on 9 March, with a general election to follow soon after. The Liberals, in power since 2015, are widely expected to lose, as Canada’s Conservatives — led by firebrand populist Pierre Poilievre — command a substantial lead in the polls.

“I’m doing this because Canada is the best country in the world, but it could still be even better,” Carney said in his hometown of Edmonton, Alberta. He identified the nation’s most pressing issues, including stagnant wages, the climate crisis, soaring house prices, and the threat of a fresh tariff war with former US president Donald Trump.

Carney is likely to underscore his finance credentials, having overseen both the Bank of Canada and the Bank of England, the only person to have led two G7 central banks. “I’m here to earn your trust,” he said. “I’m here to ask for your support.”

Carney’s chief challenger in the leadership contest appears to be Chrystia Freeland, 56, the former finance minister whose recent resignation over disagreements with Trudeau precipitated his own departure. Once the new party leader is chosen in March, a confidence vote is expected to trigger a general election later in the year.

Poilievre, 45, leads the Conservative Party and is heavily favoured to become Canada’s next prime minister. His pledge to rein in the national budget, crack down on crime, and eliminate carbon taxes has resonated with disenchanted voters. He dismissed Carney in the past as “the ultimate liberal insider” and “Just like Justin”.

Read more:
Carney sets his sights on leadership as Canada faces election countdown

0
FacebookTwitterGoogle +Pinterest
previous post
UK economy struggles to gain momentum as GDP growth disappoints at 0.1%
next post
Mortgage reforms set to loosen for first-time buyers in pro-growth push

You may also like

UK companies overpaid £11.9bn in corporation tax last...

May 10, 2023

All 400 Wilko stores to close by early...

September 11, 2023

Lenders fear surge in mortgage defaults by end...

October 13, 2023

How to Stay Protected When Playing Online

July 5, 2023

Homeowner Loan Rates: Unlock the Best Deal for...

November 18, 2024

UK SMEs set to increase IT investment in...

May 31, 2023

UK Planning Laws Hinder Investment, Warns Eli Lilly...

July 1, 2024

Ulugbek Shadmanov’s case and UK Investment in Uzbekistan

January 27, 2025

HMRC splashes £150m on digital skills and launches...

April 24, 2023

Government-backed Taskforce is tackling the North East female...

March 12, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved