Who is Mark Carney, Canada’s incoming prime minister?

Former England bank, Mark Carney, will be the next Prime Minister of Canada, at least for now. He will need all his experiences to handle global economic crises as the country faces a business war launched by US President Donald Trump.

Mark Carney was the first non-British man to become the Governor of Bank of England in his history of more than 300 years, when he got a job in 2013.

He had earlier carried forward his home country through a great recession, as the Governor of the Bank of Canada, the Governor of the country’s central bank, before being hunted for the top banking job of Britain.

But unlike most PM-Hopful, Carney has never kept a political office. Nevertheless, he won the competition to replace outgoing Prime Minister Justin Trudeau. Now, they should lead the country through one of their most difficult challenges – their largest trading partner, a growing trade war with the United States.

But holding the role of PM will be a fight in itself. Canada’s next federal election is scheduled for this October, but many people hope that it will be called earlier this month.

Although Carney has traveled to Globe, working for Goldman Sachs in places like New York, London and Tokyo, he was born in North -Western areas in a remote northern city of Fort Smith.

The son of a high-school principal, he went to Harvard University on scholarship, where he played the most Canadian, ice hockey. In 1995, he earned a PhD in Economics from Oxford University.

In 2003, he left the private sector as a sub -governor to join the Bank of Canada, then worked for the Finance Department as Senior Associate Deputy Minister.

In 2007, he was appointed Governor of Bank of Canada, shortly before the global markets crashed, the country was sent to a deep recession. His leadership in the central bank is widely praised for helping to help avoid the country’s crisis.

Although the central bankers are notorious, after dramatically cutting, he was open about his intentions to keep the interest rates low for at least one year.

This step will be credited to help businesses invest even after drowning in markets. When he was withdrawn in London, he would take a similar approach – this time as the Governor of Bank of England.

In his time at the bank’s threadedal street headquarters, he made a lot of changes in the work of the institution. At the beginning of its tenure, the bank assumed responsibility for financial regulation after the eradication of the Financial Services Authority.

They are credited with modernizing the bank, which appear much more often in the media than their predecessors.

In 2015, the bank reduced the number of interest rate meetings from 12 to eight years, and began publishing minutes with the announcement of interest rate decisions.

When he took over, the interest rates were anchored at historic ups and he introduced a policy of “forward guidance”, where the bank would try to support the economy and encourage loans by pledging not to increase the rates until the unemployment falls below 7%.

In confusion about this policy, an MP compared him to an “incredible lover”, a monkey who stuck for a long time after the original dispute died.

Unlike the previous governors, who usually placed a lower profile, they intervened further from two major constitutional referendum.

In 2014, he warned that an independent Scotland may have to surrender powers in the UK if he wants to continue using the pound.

Prior to the Brexit referendum, he warned that one vote to leave the European Union could awaken a recession.

In view of the holiday vote, David Cameron, after resigning as Prime Minister and drowning the pound, addressed the country in a bid to assure the country that the financial system would work normally.

He described it as his “most difficult day” on the job, but said that contingency schemes acted effectively to the bank.

The bank later re -cut the interest rates by 0.5% to 0.25% – and resumed its quantitative spontaneity program to support the economy.

His last week in March 2020 began the actst phase of Kovid epidemic – the bank cut a rate of 0.5% to support the economy, and Mr. Carney told the country that the economic shock should be “temporary”.

At the time of Carney in the bank, he gave him great experience working with Donald Trump – who have not only imposed standing tariffs on Canada since returning to office in January, but also suggested that the US should annex its low powerful neighbor.

Till 2011–18, Carney was the chairman of the Financial Stability Board, who coordinated the work of regulatory officers worldwide, leading him a significant role in the global response to the policies of Trump Presidency.

He was a regular in G20 meetings, with Trump’s pitch-side view on the global stage.

He is also known as a lawyer for environmental stability. In 2019, he became the United Nations Special Envoy for Climate Change, and in 2021 launched Glasgow Financial Alliance for Net Zero, a group of banks and financial institutions that were working to combat climate change.

His political ambitions have been rumored for years, but recently the 59 -year -old brushed the idea.

“Why don’t I become a circus clown?” He told a reporter in 2012.

However, when Trudeau stepped up in January after his Finance Minister, Kristia Freeland left its cabinet, provoking a party squall, which in association with Trudeau’s tanking poll numbers, the Prime Minister led the Prime Minister to declare his resignation.

The report suggested that Trudeau intended to replace Freeland with Carney in the Finance Post.

Freeland – a private friend – even ran against him in the race to replace Trudeau. But Carney won by a landslide, equipped herself to take himself to Trump, which has put standing tariffs on Canadian goods.

“I know how the crisis is managed,” Carney said during a leadership debate later last month. “In such a situation, you need experience in terms of crisis management, you need interaction skills.”

Nevertheless, his time in the finance world has criticized him from political rivals in Canada.

Orthodoxists have accused Carney of lying about their role in transferring the main office of Brookfield Asset Management on Toronto to New York, although Carney says that the recent formal decision to move the firm was made after leaving the board.

He has also pushed him to disclose his financial assets, which Carney does not need to do in the present because he is not an elected member of Parliament.

His team has said that he will follow all the applied moral rules and guidelines after being Prime Minister.