Mark Carney, former governor of the Bank of Canada and the Bank of England, has been elected leader of Canada’s Liberal Party with 85.9% support, succeeding Justin Trudeau as Prime Minister.
In his victory speech, Carney addressed recent comments by U.S. President Donald Trump, who suggested annexing Canada as the 51st state. Carney firmly rejected this notion, stating that such actions would “destroy Canada’s way of life.”
He emphasized Canada’s readiness to counter American threats, highlighting that Canadian nationalism would prevent any absorption by the U.S.
Carney’s leadership comes amid escalating trade tensions, with Trump imposing a 25% tax on all Canadian goods, excluding the automotive and energy sectors, posing significant challenges to Canada’s economy.
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