Mark Carney Elected as the New Prime Minister of Canada.
Appointment
On April 28, 2025, the Liberal Party, under the leadership of Prime Minister Mark Carney, secured victory in Canada’s federal election, defeating Pierre Poilievre, the leader of the Conservative Party. This win marks the fourth consecutive term in power for the Liberal Party, further solidifying its dominant position in Canadian politics.
- Mark Carney had earlier been sworn in as the 24th Prime Minister of Canada in March 2025, following the resignation of former Prime Minister Justin Trudeau. Notably, Carney became the first unelected Prime Minister in Canadian history, assuming office through internal party succession before leading the Liberals to an electoral mandate.
- Mark Carney was born on March 16, 1965, in Fort Smith, located in the Northwest Territories of Canada, near the Arctic region. He began his professional journey in the financial sector with Goldman Sachs, where he worked from 1995 to 2003, before transitioning into public service.
Main Point :- (i) Mark Carney held several key roles in Canada’s financial governance, serving as Deputy Governor of the Bank of Canada from 2003 to 2004 and later as the Senior Associate Deputy Minister of Finance. He was appointed Governor of the Bank of Canada in 2008, a position he held until 2013, where he played a critical role in stabilizing the Canadian economy during the global financial crisis.
(ii) In a historic move, Mark Carney became the first non-British Governor of the Bank of England, serving from 2013 to 2020. This achievement made him the first person to head the central banks of two G7 nations—Canada and the United Kingdom.
(iii) In 2019, he was appointed as the United Nations Special Envoy for Climate Action and Finance, further enhancing his global stature as a respected economist and climate finance leader.
About Canada
Prime Minister : Mark Carney
Capital : Ottawa
____________________________
