New Prime Minister Carney: Is Canada facing political upheaval?

New Prime Minister Carney: Is Canada facing political upheaval?

Former central bank chief Mark Carney will be sworn in as Canada's new prime minister on Friday, at a challenging time for the country. As special US tariffs on steel and aluminum came into force on Wednesday, Carney is seen as a key player in an increasingly tense trade relationship with the US. Carney, who led the Bank of Canada during the 2008 global financial crisis and also served as governor of the Bank of England during Brexit, brings a wealth of crisis management experience that 40 percent of Canadians trust him with Krone.at reported.

Political changes in Canada

With Carney's election as Liberal Party leader, the political climate in Canada has changed noticeably. He takes office at a time when Prime Minister Justin Trudeau is resigning amid declining poll numbers and growing criticism of his government. Among the challenges of Carney's term are the rising cost of living, high housing prices and an overwhelmed health care system that are burdensome for many Canadians. The Liberals now face the difficult task of asserting themselves in new elections against the Conservatives, led by Pierre Poilievre, as the Liberal Party does not have a majority in parliament The New York Times determines.

Carney has already made it clear that he will actively combat Donald Trump's aggressive foreign trade policies. This stance is particularly important to him because many Canadians are concerned about the economic impact of U.S. policies on Canada. “Canada will never be part of America in any way,” Carney stressed Sunday as he prepares for the challenges that lie ahead.