Mark Carney, the former head of the Bank of England, was sworn in as Canada’s prime minister on Friday. With the nation facing a trade war initiated by US President Donald Trump, he will need all of his experience managing international economic problems. In 2013, Mark Carney became the first non-British governor of the Bank of England in the institution’s more than 300-year existence.
Before being snatched for Britain’s top financial position, he had already guided his native country through the Great Recession as the governor of the Bank of Canada, the nation’s central bank.
Carney, however, has never held political office, in contrast to the majority of PM aspirants. Nevertheless, he easily won the race to succeed departing Prime Minister Justin Trudeau. He now has to guide the nation through one of its most difficult problems to date: a growing trade war with the United States, its largest trading partner.
However, maintaining the PM position will be a battle in and of itself. Although October is when Canada’s next federal election is planned, many anticipate that Carney will call it shortly after taking office.
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