03/13/2025
Mark Carney is set to become Canada’s 24th Prime Minister, succeeding Justin Trudeau, following his election as leader of the Liberal Party on March 9, 2025.  Carney, born on March 16, 1965, in Fort Smith, Canada, has had a distinguished career in both national and international financial sectors.
Educated at Harvard University and the University of Oxford, Carney earned degrees in economics and international relations. He began his career at Goldman Sachs, working in their London, Tokyo, New York, and Toronto offices. He later served as Deputy Minister of Finance in Canada before being appointed Governor of the Bank of Canada from 2008 to 2013. Carney then became the first non-British Governor of the Bank of England, serving from 2013 to 2020. 
Carney is married to Diana Fox Carney, a UK-born economist and author. The couple met at Oxford University and married in 1994. They have four daughters: Cleo, Tess, Amelia, and Sasha. Diana holds multiple degrees, including an MA in philosophy, politics, and economics, and an MSc in agricultural economics from Oxford, as well as an MA in international relations from the University of Pennsylvania. She has held various significant roles, including vice president of Canada 2020 and director of strategy and engagement at the Institute for Public Policy Research. 
As Prime Minister-designate, Carney faces immediate challenges, particularly in international trade relations. Canada has recently announced retaliatory tariffs against the United States in response to President Donald Trump’s imposition of a 25 percent global duty on steel and aluminum. The Canadian government plans to levy tariffs on C$29.8 billion worth of American goods, including steel, aluminum, computers, sports equipment, and cast iron products. These measures are in addition to C$30 billion in counter-tariffs applied earlier in March. Carney has supported these actions and intends to maintain them until the U.S. commits to fair trade. 
Carney’s extensive experience in global finance and his leadership roles in central banking are expected to influence his approach to economic policy and international relations as he assumes the office of Prime Minister.