Former central banker Mark Karney was sworn in as the new Prime Minister of Canada on Friday and will now try to pursue his country amidst the trade war, danger of merger and a possible general election launched by US President Donald Trump.
Carney (59) replaced Prime Minister Justin Trudeau, who announced his resignation in January. Trudeau remained in power until the Liberal party was elected a new leader. It is expected that Carney may announce a general election in the coming days or weeks.
Carney said, “We will not be a part of America anytime, in any way. America is not Canada. We are originally a separate country. ”Carney said that he would travel to both countries in the coming days to meet French President Emmanuel Macron and Britain’s Prime Minister Care Stmper. He has received an invitation from both countries.
The new Prime Minister of Canada said, “We should diversify our business partners and strengthen our safety by doing so.” This year the ruling Liberal Party was expecting the defeat of the ruling Liberal party, but Trump announced “Economic War” as a fee and warned to mix the entire country in the US as the 51st province.
Now due to these changed equations, claims are being made for the Liberal Party to get an edge in the elections. Trump has imposed a 25 percent fee on Canadian steel and aluminum and has announced a heavy duty on all Canadian products from April 2.
The new cabinet of the Carney government has also been sworn in. F. Philip Champagne has become the new Finance Minister of Canada. Melani Jolie has been retained as Foreign Minister. Crystia Freeland has been made the Minister of Transport and Internal Trade.
Freeland is the former Deputy Prime Minister, who lagged behind Carney in the race for the leadership of the Liberal Party. Carney was born on 16 March 1965 at Fort Smith and was raised in Admonton, Alberta. Carney led Bank of Canada from 2008 to 2013 and Bank of England from 2013 to 2020.
After helping Canada to deal with the worst effects of the 2008 financial crisis, Carney was given the command of Bank of England. This was the first time since the establishment of Bank of England in 1694 when a non-British person was assigned its leadership.
Carney began functioning as a special messenger of the United Nations for climate action and finance in the year 2020. In 2003, before being appointed Deputy Governor of Bank of Canada, Carney worked for 13 years in London, Tokyo, New York and Toronto. However, he has no experience of politics.
