Mark Carney: Everything to know about Justin Trudeau's replacement

Mark Carney has become the party leader of Liberal Party of Canada after an unanimous voting

Mark Carney: Everything to know about Justin Trudeau's replacement  


Mary Carney, a former central banker has replaced Justin Trudeau and is set to become Canada's next prime minister.

On Sunday, March 9, 2025, at the Liberal Leadership event in Ottawa, the 59-year-old won the voting by landslide, becoming the party leader of LPC.

Related: Canada Liberal Party unveils name of Justin Trudeau's successor

Carney is a renowned economist, who has advised Trudeau on Canada's economic recovery from Covid-19, and joined the political scene after the 53-year-old announced his resignation in January 2025.

Born in Fort Smith, Northwest Territories, here what you should know about Mark Carney.

Education

Carney received a bachelor's degree in economics from Harvard University in 1988, and master's and doctoral degrees in economics from Oxford University.

In Harvard, he was part of the ice hockey team, where he served as a backup goalie.

Careers

The party leader ran the Bank of Canada from 2008 to 2013, and during his term, he lead the country out of the financial crisis of 2008.

Along with that, he became the first non-Brit to head the Bank of England from 2013 to 2020, since it was founded in 1694.

Following his banking career, in 2020 he began serving as the United Nations' special envoy for climate actions and finance.

With no experience in politics, he worked 13 years in London, New York, Tokyo and Toronto, before being appointed deputy governor of the Bank of Canada in 2003.

Citizenship

Carney has Canadian, Irish, and UK citizenship.

He has moved to sole Canadian citizenship, which is not required by law, but political-wise is seen as a smart choice.

Family

The Harvard graduate is a family man, who tied the know with his wife Diana in 1994, and share four daughters together.

Related: Tariff: How Trump's new policies actually work

In his first addressed since the vote, Mark Carney slammed President Donald Trump and his tariffs threats noting, "In trade as in hockey, Canada will win."

Read more : World
6 US citizens held for trying to send rice and Bibles to North Korea by sea
6 US citizens held for trying to send rice and Bibles to North Korea by sea
A group of Americans tried to float 1,600 bottles filled with rice, cash and Bibles toward North Korean shores
Chua Lam, Hong Kong's renowned food critic dies at 83
Chua Lam, Hong Kong's renowned food critic dies at 83
Culinary icon for Asia, Chua Lam, has passed away peacefully in Hong Kong
Jeff Bezos, Lauren Sánchez welcome party disrupted as guests forced to flee venue
Jeff Bezos, Lauren Sánchez welcome party disrupted as guests forced to flee venue
Jeff Bezos and Lauren Sánchez's highly anticipated wedding ceremony is set to take place in Venice, Italy
18-year-old takes over key role in UK after Reform leader quits
18-year-old takes over key role in UK after Reform leader quits
Reform UK's George Finch will oversee major operations as interim leader of Warwickshire County Council
Japan carries out execution of 'Twitter Killer' convicted of nine murders
Japan carries out execution of 'Twitter Killer' convicted of nine murders
Takahiro Shiraishi killed and dismembered nine people after luring them online eight years ago
US Supreme Court allows South Carolina to block Planned Parenthood funding
US Supreme Court allows South Carolina to block Planned Parenthood funding
Planned Parenthood faces major blow after the Supreme Court blocks it from suing red states
Central Africa school tragedy: 29 students die after loud blast sparks panic
Central Africa school tragedy: 29 students die after loud blast sparks panic
29 students killed, over 280 injured in crush during high school finals in Central African Republic
Pedro Sánchez hits back at Trump threat to make Spain ‘pay twice’
Pedro Sánchez hits back at Trump threat to make Spain ‘pay twice’
Spanish PM Sánchez criticises Trump for making Europe and the world suffer from ‘trade war’
Ecuador's most wanted drug lord ‘Fito’ arrested in luxury bunker
Ecuador's most wanted drug lord ‘Fito’ arrested in luxury bunker
Los Choneros gang leader Fito escaped from Guayaquil prison last year while serving a 34-year sentence
Alaska brown bear shows off smile after getting metal crown for a tooth
Alaska brown bear shows off smile after getting metal crown for a tooth
The 800-pound Tundra has received the largest dental crown ever created for a canine tooth
North Korea makes major move tourism with beach resort inauguration
North Korea makes major move tourism with beach resort inauguration
Kim Jong Un has opened a mega beach resort in push to boost tourism and economy in the country
World's oldest boomerang discovered in Europe with human remains
World's oldest boomerang discovered in Europe with human remains
Found in Poland, the boomerang was seemingly used in the hunting of animals some 40,000 years ago