PERSON: Mark Carney

Government of Canada

Prime Minister

Mark Joseph Carney (born March 16, 1965) is a Canadian politician and economist who is the 24th and current prime minister of Canada since 2025. He has also served as leader of the Liberal Party and the member of Parliament (MP) for Nepean since 2025. He previously served as Governor of the Bank of Canada from 2008 to 2013 and as Governor of the Bank of England from 2013 to 2020.

Carney was born in Fort Smith, Northwest Territories, and raised in Edmonton, Alberta. He graduated with a bachelor’s degree in economics from Harvard University in 1987 before studying at the University of Oxford, where he earned a master’s degree in economics in 1993 and a doctorate in economics in 1995. He then held a number of roles at the investment bank Goldman Sachs before joining the Bank of Canada as a deputy governor in 2003. In 2004, he was named as a senior associate deputy minister for the Department of Finance Canada. From 2008 to 2013, Carney served as the eighth governor of the Bank of Canada, overseeing Canadian monetary policy during the 2008 global financial crisis. During this period, he was also appointed as chair of the Financial Stability Board, a position he held for two terms from 2011 to 2018. Following his term as Governor of the Bank of Canada, he was appointed as the 120th governor of the Bank of England, serving from 2013 to 2020, and was the first non-Briton to be appointed to the role. He led the British central bank’s response to Brexit and the early phase of the Covid-19 pandemic.

After leaving central banking, Carney held several roles in both the private and public sectors. He served as chair of Bloomberg L.P. and as vice-chair and head of impact investing (ESG) at Brookfield Asset Management, a subsidiary of Brookfield Corporation. In 2019, Carney was appointed by United Nations Secretary-General António Guterres to be his Special Envoy on Climate Action and Finance. Carney also served as an informal advisor to Canadian prime minister Justin Trudeau at the start of the Covid-19 pandemic, before returning to the private sector. He became co-chair of the World Bank’s private sector investment lab in 2023. In 2024, Trudeau appointed him as chair of the Liberal Party’s Task Force on Economic Growth.

In January 2025, after Trudeau announced his resignation following a political crisis, Carney entered the Liberal Party leadership election, winning a landslide victory that March. Shortly after becoming party leader, Carney was appointed prime minister and advised the Governor General to dissolve Parliament and trigger a federal election. He led the Liberal Party to a minority government, overturning earlier poor opinion polling to win the party’s fourth consecutive mandate since 2015, while also winning a seat in the House of Commons. During his tenure as prime minister, Carney repealed the federal consumer carbon tax, enacted the One Canadian Economy Act to reduce interprovincial trade barriers and expedite major infrastructure projects amid a trade war with the United States, and launched the Build Canada Homes agency. Carney’s government also announced a significant increase in defence spending, formally recognized the State of Palestine, and has continued support for Ukraine in the Russo-Ukrainian War.

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