Former central banker Mark Carney will become Canada's next prime minister after the governing Liberal Party elected him its leader as the country deals with US President Donald Trump's trade war and annexation threat, and a federal election looms.Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remains prime minister until his successor is sworn in in the coming days.Carney won in a landslide on Sunday (Monday AEDT), capturing 85.9 per cent of the vote.
Liberal Party of Canada Leader Mark Carney delivers his speech after being announced as the winner of the party leadership at the announcement event in Ottawa, on Sunday, March 9, 2025. (Sean Kilpatrick/The Canadian Press via AP) (AP)"There is someone who is trying to weaken our economy," Carney said. "Donald Trump, as we know, has put unjustified tariffs on what we build, on what we sell and how we make a living. He's attacking Canadian families, workers and businesses and we cannot let him succeed and we won't."Carney said Canada will keep retaliatory tariffs in place until "the Americans show us respect.""We didn't ask for this fight. But Canadians are always ready when someone else drops the gloves," Carney said. "The Americans, they should make no mistake, in trade, as in hockey, Canada will win."Carney navigated crises when he was the head of the Bank of Canada and when in 2013 he became the first non-British citizen to run the Bank of England since it was founded in 1694. His appointment won bipartisan praise in the UK after Canada recovered from the 2008 financial crisis faster than many other countries.The opposition Conservatives hoped to make the election about Trudeau, whose popularity declined as food and housing prices rose and immigration surged.
A demonstrator holds an "Elbows Up Canada" sign during a rally in response to US President Donald Trump's threats to Canadian sovereignty, on Parliament Hill in Ottawa, on Sunday, March 9, 2025. (Justin Tang/The Canadian Press via AP) (AP)Trump's trade war and his talk of making Canada the 51st US state have infuriated Canadians, who are booing the American anthem at NHL and NBA games. Some are cancelling trips south of the border, and many are avoiding buying American goods when they can.The surge in Canadian nationalism has bolstered the Liberal Party's chances in a parliamentary election expected within days or weeks, and Liberal showings have been improving steadily in opinion polls."The Americans want our resources, our water, our land, our country. Think about it. If they succeeded they would destroy our way of life," Carney said. "In America health care is big business. In Canada it is a right."Carney said America is "a melting pot. Canada is mosaic," he said. "America is not Canada. And Canada will never, ever will be a part of America in any way, shape or form."After decades of bilateral stability, the vote on Canada's next leader now is expected to focus on who is best equipped to deal with the US.Trump has postponed 25 per cent tariffs on many goods from Canada and Mexico for a month, amid widespread fears of a broader trade war. But he has threatened other tariffs on steel, aluminum, dairy and other products.