Who is Mark Carney, and why is Justin Trudeau courting him?
Global News
Mark Carney is being openly courted by Prime Minister Justin Trudeau. Here's why the former Bank of Canada governor might end up a star candidate for the Liberal Party.
The name on the lips of politicos, reporters and Liberal insiders in Ottawa over the past few weeks does not hold a position in government and has never even run for a seat in Parliament: Mark Carney.
But Prime Minister Justin Trudeau confirmed to reporters last week that he’s been speaking to Carney “for years” about joining federal politics.
“I think he would be an outstanding addition at a time when Canadians need good people to step up in politics,” Trudeau said last week.
Reports that Carney is being courted to join the Liberals in some fashion come as the incumbent government is flagging in the polls.
So who is Carney, and what could his presence offer for the struggling Liberals? Here’s what to know.
Born in Fort Smith, N.W.T., and raised in Edmonton, Carney earned an undergraduate economics degree from Harvard University and followed that up with master’s and doctoral degrees from Oxford University. He’s a well-known name in global financial circles.
Carney currently serves as chair of Bloomberg LP and the chairman and head of transition investing at Toronto-based alternative investment firm Brookfield Asset Management. Early in his career, he also worked at Goldman Sachs for 13 years.
The economist and banker lends his expertise to financial tech firms like Stripe, where he serves as a board director, as well as to environmental initiatives. Carney is the United Nations’ special envoy for climate action and finance.
Budget 2025 has $160 million for wildfire personnel, equipment, training and contracts, but the Alberta Union of Provincial Employees worries funds will focus on gear, not people.
Quebec provincial police, the fire department, paramedics and representatives from the group managing the bridge were called to the scene.
U.S. Commerce Secretary Howard Lutnick said Sunday that tariffs on Canada and Mexico are still coming, but that President Donald Trump would determine the level of the levies.
Two men remain in critical condition following a home explosion Friday in Langley, B.C. One woman is still missing, and RCMP cannot confirm if she was in the home at the time.
After floating the idea of potential tariffs on lumber, President Donald Trump ordered a probe into U.S. imports that must be completed within 270 days.
Despite an explosive exchange in the Oval Office, the Kyiv-Washington relationship is not lost, analysts say, but future U.S. support in the war effort is still undetermined.
St. Mary's Academy says the decision to shutter the program was driven by operational and resource requirements.
A recent survey from CIBC said that two-thirds of Canadians say recent economic changes, including inflation and the cost of living, have made them adjust retirement plans.
A Halifax man died after he was taken into custody Friday night for what police described as a mental health episode. The provincial police watchdog is investigating.
A B.C. entrepreneur experienced a once-in-a-lifetime wildlife encounter this week when a pod of dolphins chased him down while he was shooting a video on his personal watercraft.
A new idea has emerged in G7 capitals in recent years — using the cash in frozen Russian accounts, or interest earned on those accounts, to help fund Ukraine's defence.
As Ontario is still working to clean up after the back-to-back winter storms, cities like Waterloo and Toronto face challenges with snow storage facility infrastructure.
Transport Minister Anita Anand says she plans to run for re-election amid President Donald Trump's tariff threats, a shift from her original plans earlier this year.