The Canadian liberal party has finally given Prime Minister Justin Trudeau the boot, quickly replacing him with veteran central bank leader Mark Carney. The decision was swift after Trudeau attempted to play ball with the big boys, and challenged President Donald Trump’s tariffs.
The former Goldman Sachs executive emerged victorious with almost 85 percent of the votes over opponent Chrystia Freeland, who was the former deputy prime minister who infamously seized bank accounts from COVID-19 protesters in 2022.
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It is unclear exactly when Carney will take office as Canada’s prime minister. The process will be underway immediately as Carney will work in conjunction with Trudeau’s office on transition efforts.
Carney will take the reins of Canada’s Liberal Party amidst a significant polling slump that has persisted for several months. Opposition parties have become increasingly eager to call an election as the Conservative Party has polled neck-and-neck with the liberals in recent weeks.
Carney’s government could be toppled by Parliament to call for a new national election, which can be called any time between the Parliament going back into session on March 24 and October 20, by which time a vote must be held.
We knew a transition would be coming eventually. However, the timeline was questionable, as Trudeau announced in January that he would be stepping down, but then proceeded to act as if he was not going torsion.
A general election is expected to be called in late April or early May, and Carney told members of his party that they should be ready to fight “the most important election of our lives” where the “stakes have never been higher.”
“Canada will not bow down to a bully. We won’t stand by as illegal U.S. tariffs hurt our workers and their families. As Canadians, we need to face this challenge as one united team,” Carney declared of Trump’s imposed tariffs on Canadian products.