Mark Carney, the former central banker, is to become Canada’s next Prime Minister after a clear victory in the Liberal Party leadership contest. Carney 59 is taking over from outgoing leader Justin Trudeau signaling a new chapter for the ruling party.
Born in Fort Smith, Northwest Territories, and grew up in Edmonton, Alberta, Carney is a highly respected accomplished international economist. He was Governor of the Bank of Canada (2008-2013) and afterwards Governor of the Bank of England (2013-2020), when he was the first overseas-native-in-charge of the bank.
Carney’s shift from the financial sector to politics has been greeted with a mixture of cautious optimism. Although no previous politician he has displayed a background in leading economic disasters such as the 2008 financial debacle, making him reliable in the eyes of voters. In 2020, he assumed a global position as the UN’s Special Envoy for Climate Action and Finance which enhanced his policy analysis. 
His appointment is a major boost to the Liberals as polling had shown the party far behind the opposition Conservatives in recent polls. But recent movements imply growing backing, with latest data indicating the Liberals cutting the gap with Conservative leader Pierre Poilievre.
Carney, a holder of Canadian, U.K. and Irish passports, has said he will concentrate on economic stability and green policies. His leadership will be closely monitored as Canada confronts a tough political and economic environment.
