About our Mark Carney news
Latest news on Mark Carney, covering Canada's PM-designate, former Bank of England and Bank of Canada governor, economist, climate advocate and Liberal Party leader.
Mark Carney, born 16 March 1965, made history on 9 March 2025 by winning the Liberal Party of Canada leadership race with an unprecedented 85.9% of the vote. As prime minister-designate, he's poised to become Canada's 24th prime minister and the first to assume the role without previously holding elected office. His impressive career spans global finance, central banking, and climate advocacy.
After securing leadership, Carney is expected to be sworn in imminently following Justin Trudeau's resignation. His economic platform includes scrapping capital gains tax increases, running targeted deficits while balancing operational spending, and replacing the consumer carbon tax with green incentives. On housing, he's promised to double construction over a decade and eliminate GST on new homes for first-time buyers up to $1 million.
Carney's unique background sets him apart from traditional politicians. Raised in Edmonton, he played university hockey at Harvard before earning his doctorate at Oxford. His meteoric rise through Goldman Sachs led to his appointment as Bank of Canada Governor during the 2008 financial crisis, where his leadership helped Canada weather economic turbulence better than most G7 nations. In 2013, he became the first foreigner to govern the Bank of England in its 329-year history.
Beyond economics, Carney has established himself as a climate advocate, serving as UN Special Envoy for Climate Action and Finance. He's a practising Catholic, was named the most influential Catholic in Britain in 2015, and is in the process of renouncing his British and Irish citizenships to maintain only his Canadian citizenship. His family life includes his wife Diana, whom he met at Oxford, and their four children.
Facing significant challenges as he prepares to take office, Carney must navigate Canada's housing crisis, environmental policy, defence commitments, and economic pressures. Our NewsNow feed on Mark Carney provides comprehensive, timely updates on his leadership, policy implementations, and the impact of his decisions on Canada and global affairs, ensuring you stay informed about this influential figure as his premiership unfolds.