Mark Carney, former governor of the Bank of Canada and Bank of England, is set to officially launch his campaign for the leadership of Canada’s Liberal Party on January 16 in Edmonton, Alberta, reported The Hill Times citing sources close to his team.
Carney, widely regarded as a leading contender in the race to succeed outgoing Prime Minister Justin Trudeau, is anticipated to garner substantial support from within the party. Approximately 30 Liberal MPs have reportedly pledged to back his campaign, signalling a strong base of early endorsements.
Although born in the Northwest Territories, Carney was raised in Edmonton, Alberta, making it a logical choice for his political debut. His father, Bob Carney, previously ran unsuccessfully as a Liberal candidate in Edmonton-South during the 1980 general election. The younger Carney may seek a parliamentary seat in Edmonton should he secure the party leadership.
The contest to replace Trudeau, who formally announced his decision to step down on January 6, has quickly gained momentum.
As per The Hill Times, Carney acknowledges widespread support and intends to deliberate with his family before making a final decision. “I’m encouraged and honoured by the support… to move forward with positive change and a winning economic plan,” Carney stated.
Former Canadian finance minister Chrystia Freeland, seen as a front-runner, is also expected to declare her candidacy soon. Liberal MPs Karina Gould, François-Philippe Champagne, and Jonathan Wilkinson are reportedly weighing their options. Others, including foreign affairs minister Mélanie Joly and transport minister Anita Anand, have publicly ruled out running.
Carney’s extensive financial background includes leading Brookfield Asset Management and advising on Canada’s Covid-19 economic response. His leadership in a recent task force on economic issues underscores his strong ties to the Trudeau administration.
However, Carney may face challenges connecting with the broader Canadian electorate.
According to The Financial Times, his public recognition remains limited despite his high-profile career, with a recent poll placing his preference rating at just 11 per cent.
As the leadership race unfolds, Carney’s financial expertise and strategic positioning could prove pivotal in contesting Conservative Party leader Pierre Poilievre, who has consistently led polls over Trudeau’s Liberals. Poilievre has already targeted Carney with criticism, branding him as “carbon tax Carney,” referencing Trudeau’s environmental policies.
The Liberal Party’s leadership vote is slated for March 9, with candidates required to formalise their entries by January 23.
