Mark Carney 

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Latest news on Mark Carney, Prime Minister of Canada and leader of the Liberal Party, with coverage of the Carney government, Trump tariffs, CUSMA trade talks, the federal budget, defence spending, housing, Pierre Poilievre, Ottawa politics and his Bank of England and Bank of Canada career.

Mark Carney is Canada's 24th Prime Minister, in office since 14 March 2025. He won the Liberal leadership on 9 March 2025 with 85.9% of the vote and became the first Prime Minister of Canada without prior experience as an elected politician. He then led the Liberals to victory in the April 2025 federal election, while Conservative leader Pierre Poilievre lost his own seat.

Relations with the United States dominate the headlines. Tariffs on steel, aluminium, lumber and other goods, and the review of the CUSMA trade agreement, have shaped the agenda in Ottawa. Carney has pushed to diversify Canada's trade, including a deal with China that drew tariff threats from Donald Trump. His Davos speech describing a "rupture" in the world order, and urging middle powers to co-operate, was widely quoted.

At home, the government created the Major Projects Office to fast-track pipelines, LNG, mining and power projects, and Build Canada Homes to boost housing supply. It has pledged to raise defence spending to 5% of GDP by 2035. Critics point to larger federal deficits and doubt that housing promises will be met, while Poilievre's Conservatives attacked the floor-crossings that helped the Liberals secure a House of Commons majority.

Carney was born in Fort Smith, Northwest Territories, on 16 March 1965 and raised in Edmonton, Alberta, the son of teachers. He studied economics at Harvard and Oxford, where he played goal for the university ice hockey team and met his wife, the economist Diana Fox Carney. They have four daughters. A climate finance advocate, he served as UN Special Envoy for Climate Action and Finance and wrote the book Value(s).

Before politics, Carney worked at Goldman Sachs and the Department of Finance, then led the Bank of Canada from 2008 to 2013, steering the country through the global financial crisis. He became the first non-Briton to govern the Bank of England in its more than 300-year history, serving through the Brexit years until 2020. That record shapes how he approaches inflation, trade and climate policy.

Our NewsNow Mark Carney feed brings together the latest headlines on the Prime Minister, the Liberal government, tariffs, CUSMA, the federal budget, housing, defence and relations with Washington from reliable sources, so you can follow Canadian politics in one place.