{"id":55108,"date":"2025-01-16T14:02:05","date_gmt":"2025-01-16T14:02:05","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/01\/16\/who-is-mark-carney-the-man-who-would-be-liberal-king\/"},"modified":"2025-01-16T14:02:05","modified_gmt":"2025-01-16T14:02:05","slug":"who-is-mark-carney-the-man-who-would-be-liberal-king","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/01\/16\/who-is-mark-carney-the-man-who-would-be-liberal-king\/","title":{"rendered":"Who is Mark Carney, the man who would be Liberal king?"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Carney is expected to announce he will run to succeed Justin Trudeau<\/p>\n<div class=\"callout callout--noindent flex-align-center flex-justify-between\" data-evt-val=\"{\" control_fields=\"\" data-evt=\"visible\" data-evt-typ=\"element_view\"><span class=\"callout__text\"> Get the latest from Naimul Karim straight to your inbox <\/span><button class=\"button button--icon button--primary-alt\" data-id-login-redirect=\"https:\/\/financialpost.com\/author\/nkarim\/newsletters\/\" type=\"button\"><span class=\"button__text\">Sign Up<\/span> <span aria-hidden=\"true\" class=\"button__icon\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 11 11\" width=\"11\"><polygon points=\"1.1 0 7 6 1.1 12 0 10.9 4.8 6 0 1.1\"\/><\/svg> <\/span><\/button><\/div>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Jan 16, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">6 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"4dcb6fe6-5f54-4874-875a-6ceb0c23cb13\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Carney is expected to announce he will run to succeed Justin Trudeau as leader of the Liberal Party Canada, a contest that could elevate him within weeks to the post of prime minister. <\/span> <span class=\"credit\">Photo by THE CANADIAN PRESS\/Adrian Wyld<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Last month, former Bank of Canada governor Mark Carney appeared poised to become the country\u2019s next finance minister. Now, he has an even bigger post in his sights.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">On Thursday, Carney is expected to announce he will run to succeed Justin Trudeau as leader of the Liberal Party Canada, a contest that could elevate him within weeks to the post of prime minister \u2014 if only until a widely expected federal election.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment8749193655850021610263789871038464\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" 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class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Carney\u2019s official entry into the Liberal race will come after months of speculation about his political ambitions following a notable career in finance and central banking.<\/p>\n<p>Born in Fort Smith, Northwest Territories, Carney grew up in Edmonton before pursuing a degree in economics at Harvard University and master\u2019s and doctoral degrees in 1993 and 1995, respectively, at the University of Oxford.<\/p>\n<p data-async=\"\">Becoming a banker wasn\u2019t always the obvious career choice, he told The Guardian newspaper in a 2021 interview. Instead, he fancied being a marine biologist but prioritized banking as he found it the most \u201cmost effective way\u201d to pay off his student loans.<\/p>\n<p data-async=\"\">He worked at Goldman Sachs Group Inc. for 13 years in various roles including as a managing director in the investment banking division before joining the Bank of Canada as deputy governor in 2003.<\/p>\n<p>A year later, he joined the Department of Finance as a senior associate deputy minister.<\/p>\n<p>Carney played a key role as part of the team that successfully sold Ottawa\u2019s 18.6 per cent stake in Petro-Canada in 2004 for $3.3 billion \u2014 which at the time was Canada\u2019s biggest ever equity offering.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment902062756166095406169668645289984\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cThe transaction was completed without major glitches, under an aggressive timeline at the peak of the market, to the maximum benefit of all those involved, and without controversy \u2014 a feat for a major deal involving the federal government,\u201d the Financial Post reported in 2005.<\/p>\n<p>In 2008, Carney was appointed as Bank of Canada governor. At the time, he was the youngest central bank governor among the group of eight industrialized nations and his appointment came as a surprise, to some: Paul Jenkins, then the Bank of Canada\u2019s senior deputy governor, was the favourite among economists to take the job.<\/p>\n<p data-async=\"\">In a report published on Oct. 5, 2007, the Financial Post described Carney as \u201crelatively unknown\u201d and that his position on issues facing the Canadian economy was \u201csomething of a mystery.\u201d<\/p>\n<p>\u201cHe was deputy governor for just over a year, between 2003 and 2004, and I actually cannot find a speech that he gave,\u201d one economist told the Post.<\/p>\n<p>Carney\u2019s first interest rate announcement as governor, a month into the job in March 2008, turned out to be a bit of a nail-biter. It was near the height of the financial crisis and though economists were sure interest rates were going down, they were divided over whether the bank would cut by a quarter of a percentage point or a half.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot29 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-execsummary background--primary-light-gradient\" aria-labelledby=\"FinancialPostPosthaste2326884268499083082192448175210496\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_ExecSummary\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1600w\" alt=\"Posthaste\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/17.8.0\/websites\/images\/newsletters\/icon-fp-posthaste.svg\"\/><\/div>\n<div>\n<p>Posthaste<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_ExecSummary\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_ExecSummary\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment176421716901025149165486743748608\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Carney announced a 50-basis-point cut. He then gradually took Canada into uncharted territory by lowering the benchmark lending rate to 0.25 per cent in 2009 \u2014 the lowest level possible to support the economy \u2014 and signalled it would remain there until June 2010.<\/p>\n<p data-async=\"\">In addition to lowering interest rates, he also declared his intention to be a more \u201cforceful advocate in influencing public policy and market behaviour\u201d to ensure financial stability, according to a Financial Post report published on Dec 18, 2008.<\/p>\n<p>Advocacy \u201cis something in which we want to be more prominent and do a better job of, quite frankly,\u201d Carney told reporters.<\/p>\n<p>While the United States spent more than US$400 billion to help its financial institutions stave off collapse during the financial crisis, Canada did not have to bail out any banks.<\/p>\n<p>Some analysts credited Carney\u2019s 13-year experience at Goldman Sachs for helping him navigate the crisis. Critics have argued that the ultra-low interest rate policies he ushered in \u2014 and which became a recurring theme in the post-crisis years \u2014 have had long-term consequences, including encouraging Canadians to borrow more than they required.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment17341412685778488178155672567808\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>For the most part, the accolades flowed in the wake of the crisis. In 2010, Time magazine selected Carney as one of the world\u2019s 100 most influential people. In 2011, Reader\u2019s Digest Canada named him the Most Trusted Canadian, and in 2012, he was named the Central Bank Governor of the Year by the editors of Euromoney magazine.<\/p>\n<p>With his stardom on the rise in central banking circles, Carney took on prestigious roles at several global regulatory bodies. In November 2011, he was named chairman of the Basel-based Financial Stability Board, a body that was established after the financial crisis to protect the global financial system.<\/p>\n<p>Carney then became governor of the Bank of England in 2013. It was a surprise considering he had denied being a candidate for the role that year.<\/p>\n<p>\u201cIt might have been less of a surprise had the governor announced a bid for the Liberal leadership \u2014 speculated and strongly denied as well,\u201d the Financial Post reported in November 2013.<\/p>\n<p>Some felt that Carney was shirking his responsibilities in Canada, in departing while interest rates remained at extreme lows.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_6\">\n<section aria-describedby=\"advertisment1472390134242152842907794999869440\" class=\"ad\">\n<p>Advertisement 6<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-6\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Carney at the time said it was a difficult decision, but the \u201cright decision.\u201d<\/p>\n<p>\u201cI\u2019m going to where the challenges are greatest because I\u2019m confident that the strengths are as deep and as broad as they are here in Canada,\u201d he said.<\/p>\n<p>Carney\u2019s time in England was largely regarded as successful, but he was criticized from some in government for being too outspoken, especially on Brexit.<\/p>\n<p>British politician Jacob Rees-Mogg called for Carney\u2019s resignation after the governor suggested that leaving the European Union could trigger a recession.<\/p>\n<p>MP Pat McFadden in 2014 compared the Bank of England to an unreliable boyfriend due to its mixed signals over the timing of future interest rate rises.<\/p>\n<p>Carney stepped down from the position in 2020 after completing his term, and much of his subsequent work has been geared toward encouraging the financial sector to address climate change.<\/p>\n<p data-async=\"\">He joined Brookfield Asset Management where he is the head of transition investing, focusing on ESG investments.<\/p>\n<p>In February 2021, Carney walked back an earlier claim that Brookfield was carbon neutral amidst criticism from green advocates who said it ignored emissions from the firm\u2019s investments in fossil fuel-based projects.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_7\">\n<section aria-describedby=\"advertisment1157410624352683698469327299674112\" class=\"ad\">\n<p>Advertisement 7<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-7\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"7\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-7\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Carney is also co-chair of a global alliance to combat climate change called The Glasgow Financial Alliance for Net Zero (GFANZ), which was formed in 2021. Recently, a host of major U.S. banks announced that they were leaving a sub-group of the alliance called the Net-Zero Banking Alliance. Their departures followed Donald Trump\u2019s election as president for the second time.<\/p>\n<p>During this period, Carney also began to signal an interest in entering politics. In 2021, he delivered a virtual speech to the Liberal party convention.<\/p>\n<p>In September 2024, he took on a formal role with the party as chair of the Task Force on Economic Growth, reporting back to the prime minister on economic options for the country.<\/p>\n<p data-async=\"\">In October, he took aim at the Conservatives on a podcast show run by Liberal MP Nate Erskine-Smith.<\/p>\n<p>\u201cOne of the things that has drawn me more into politics right now is we have an opposition who is leading in the polls (and) who doesn\u2019t understand the economy,\u201d he said.<\/p>\n<p data-async=\"\">Conservative Party of Canada leader Pierre Poilievre has been equally critical of Carney, referring to him as \u201ccarbon-tax Carney\u201d on several occasions.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_8\">\n<section aria-describedby=\"advertisment7343164070445902763008206473003008\" class=\"ad\">\n<p>Advertisement 8<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-8\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"8\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-8\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Following the surprise resignation of Chrystia Freeland in December, Poilievre sought to emphasize Carney\u2019s ties to Trudeau.<\/p>\n<section aria-labelledby=\"moreTopicLabel8056057501356210032082982050725888\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" carney=\"\" says=\"\" canada=\"\" immigration=\"\" policy=\"\" has=\"\" suffered=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/11\/mark-carney-1128-ph.jpg?h=96&strip=all&quality=5&sig=VkAQwDDzkzb46NsVfV31sw&ssl=1&w=75&resize=75&ssl=1 75w, 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https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/11\/mark-carney-1128-ph.jpg?h=96&strip=all&quality=5&sig=VkAQwDDzkzb46NsVfV31sw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/11\/mark-carney-1128-ph.jpg?h=96&strip=all&quality=5&sig=VkAQwDDzkzb46NsVfV31sw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Looking ahead, Mark Carney says immigration will remain an important contributor to Canada's economic future.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/11\/mark-carney-1128-ph.jpg?h=96&strip=all&quality=80&sig=ywg2KQ2ZJD79HQa_DfcArw\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/11\/mark-carney-1128-ph.jpg?h=96&strip=all&quality=5&sig=VkAQwDDzkzb46NsVfV31sw&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/11\/mark-carney-1128-ph.jpg?h=96&strip=all&quality=80&sig=ywg2KQ2ZJD79HQa_DfcArw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/11\/mark-carney-1128-ph.jpg?h=192&strip=all&quality=80&sig=3QYIY-v87yC8NpllDs8rfg 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/11\/mark-carney-1128-ph.jpg?h=288&strip=all&quality=80&sig=paI_CDSNnr-ot05VyXCZFQ 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Mark Carney says Canada&#8217;s immigration policy has suffered<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" conservative=\"\" party=\"\" understand=\"\" the=\"\" economy=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/10\/mark-carney-1022-ph.jpg?h=96&strip=all&quality=5&sig=6mcPYS_bnPNdqKPcp_DaRw&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/10\/mark-carney-1022-ph.jpg?h=96&strip=all&quality=5&sig=6mcPYS_bnPNdqKPcp_DaRw&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/10\/mark-carney-1022-ph.jpg?h=96&strip=all&quality=5&sig=6mcPYS_bnPNdqKPcp_DaRw&ssl=1&w=150&resize=150&ssl=1 150w, 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data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/10\/mark-carney-1022-ph.jpg?h=96&strip=all&quality=80&sig=-G3OQX_TvuvZMSHXzkykpw\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/10\/mark-carney-1022-ph.jpg?h=96&strip=all&quality=5&sig=6mcPYS_bnPNdqKPcp_DaRw&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/10\/mark-carney-1022-ph.jpg?h=96&strip=all&quality=80&sig=-G3OQX_TvuvZMSHXzkykpw, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/10\/mark-carney-1022-ph.jpg?h=192&strip=all&quality=80&sig=pXsr7G_UN7o0i9iNMfaB_Q 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/10\/mark-carney-1022-ph.jpg?h=288&strip=all&quality=80&sig=bPSXB4GsfD8eWnKzVGyltQ 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Carney: Conservative Party &#8216;doesn\u2019t understand the economy&#8217;<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>\u201cThe prime minister with the help and instigation of carbon-tax Carney pushed Ms. Freeland to bring on massive, unsustainable, irresponsible spending increases that blew through her self-imposed guardrail,\u201d Poilievre told reporters after Freeland resigned.<\/p>\n<p>\u201cHe thought that he would simply push her through that guardrail and off the cliff so that she and not he and Mr. Carney would take the blame for the crisis.\u201d<\/p>\n<p data-async=\"\"><em>\u2022 Email: nkarim@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Who is Mark Carney, the man who would be Liberal king?<\/a><br \/>\n<br \/>2025-01-16 14:02:05<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Carney is expected to announce he will run to succeed Justin Trudeau Get the latest from Naimul Karim straight to your inbox Sign Up Published Jan&#8230;<\/p>\n","protected":false},"author":2,"featured_media":55109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/0117-bc-carney.jpg?quality=90&strip=all&w=288&h=216&sig=RwSHPwXytM-5EV_ai4kTNA","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-55108","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=55108"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/55109"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=55108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=55108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=55108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}