Mark Carney on Sunday won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future.
The former Bank of Canada and Bank of England governor won the contest to lead the Liberal Party of Canada with 85.9 per of the vote. The transfer of power from Justin Trudeau to Mr Carney is expected to take place within days.
Mr Carney, 59, takes the reins at a time when the White House is creating upheaval in the global economy – and with US trading partners – with increasingly chaotic tariff announcements.
In three days in the past week, Mr Trump imposed 25 per cent levies on most Canadian and Mexican goods, then promised a one-month delay on those that comply with the North American trade agreement, then threatened major new tariffs against Canadian lumber and dairy.
Howard Lutnick, the US Commerce Secretary, indicated on Sunday that he expects 25 per cent tariffs on US imports of steel and aluminium to go ahead on March 12.
Canada is heavily dependent on trade with the US, and Mr Trump has expressed a desire to use “economic force” to make Canada the 51st state. His actions have sparked patriotic fury in the northern nation, with consumers boycotting American products and demanding that governments find new trading partners. Mr Trudeau has said Mr Trump’s threats against Canadian sovereignty should be taken seriously.
“We have made this the greatest country in the world and now our neighbours want to take us,” Mr Carney said in a brief speech before the results were announced on Sunday. “No way.”
Throughout the leadership race, he portrayed himself as an experienced crisis manager who led major central banks at pivotal moments: in Canada, during the global financial crisis; and in the UK, during its tumultuous exit from the EU. But he is relatively untested as a politician and does not hold a seat in Parliament.
Mr Carney has vowed to find new markets for Canada’s exports and reduce internal trade barriers. He has pledged to scrap Liberal plans to increase the capital gains tax, eliminate the consumer carbon tax and use the power of the federal balance sheet to invest in key projects.
He also said he would split the federal budget into two – an operating budget that he promises to balance and a capital spending budget that would be allowed to allocate tens of billions of dollars to investments in productivity-boosting infrastructure.
Canada must hold an election by October, but the Liberal Party’s perilous status in Parliament, where it has fewer than 50 per cent of the House of Commons seats, means it is expected sooner. Mr Carney has to decide whether to plunge the country into a springtime election – leaving it with a caretaker government for several weeks, during which a trade war may be raging – or try to gain support from at least one opposition party to govern for a period of time.
Mr Trudeau’s resignation, Mr Carney’s candidacy and Mr Trump’s threats have propelled the Liberals into a more competitive position in public opinion polls after more than a year of trailing the Conservative Party by a large margin. For weeks, the Conservatives have been running frequent attack ads against Mr Carney.
Conservative Leader Pierre Poilievre has accused Mr Carney of being opaque about his promises and his business interests – calling on him to disclose his financial holdings to reveal any possible conflicts of interest.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Griselda
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Conservative MPs who have publicly revealed sending letters of no confidence
- Steve Baker
- Peter Bone
- Ben Bradley
- Andrew Bridgen
- Maria Caulfield
- Simon Clarke
- Philip Davies
- Nadine Dorries
- James Duddridge
- Mark Francois
- Chris Green
- Adam Holloway
- Andrea Jenkyns
- Anne-Marie Morris
- Sheryll Murray
- Jacob Rees-Mogg
- Laurence Robertson
- Lee Rowley
- Henry Smith
- Martin Vickers
- John Whittingdale
Asia Cup Qualifier
Venue: Kuala Lumpur
Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September
Fixtures:
Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6: Final
Asia Cup
Venue: Dubai and Abu Dhabi
Schedule: Sep 15-28
Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier
Honeymoonish
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
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UAE currency: the story behind the money in your pockets
The Disaster Artist
Director: James Franco
Starring: James Franco, Dave Franco, Seth Rogan
Four stars
