Mark carney sworn: Liberal Party leader Mark Carney was sworn in as the next Prime Minister of Canada on Friday (March 14, 2025). Mark Carney has been in the news for his statements amidst Tariff War with America. Mark Carney has taken charge in place of Justin Trudeau, who resigned in January this year.
Carney has previously been the former head of Bank of Canada and Bank of England, now will face the challenge of improving relations with the US and India and ensuring economic stability.
Experience to handle economy
Mark Carney is a trusted name in the international banking and financial world. He kept the Canadian economy stable while being headed by Bank of Canada during the Global Economic Crisis of 2008. In 2013, he became the first non-British governor of Bank of England and played an important role in reducing the economic effects of Brexit. Their economic experience and policy understanding can help Canada out of existing challenges.
America-Canada trade dispute: biggest challenge
US President Donald Trump has imposed 25% tariff on Canadian Steel and Aluminum, which has soured the Canadian-America trade relationship. From April 2, Trump has threatened to put more tariffs on all Canadian products.
Trump even said that “the border between Canada and America is just a fiction line.” He also suggested to make Canada the 51st American state, which is angry with Canadian people. Angered by Trump’s policies, Canadian people are avoiding buying American goods. Incidents of opposition to American national anthem in NHL and NBA sports are coming to light. Local traders are boycotting American products.
Focus will be focused on improving relations with America and India
India and Canada have been weak in recent years, while Trump’s return to Canada and America rift, but Carney’s leadership is expected to change. Carney can focus on business and diplomacy. Migrants of Indian origin play an important role in Canada, which will put pressure to improve bilateral relations.
Trump’s aggressive stance new challenge for Canada
If Carney uses diplomacy and economic policies properly, they can remove Canada from this crisis. Now in the coming days it will be interesting to see if the relations between Canada and America improve or deteriorate.
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