Mark Carney leads Liberal Party amid Trump’s tariffs

Mark Carney secures leadership of the Canadian Liberal Party, poised for a winnable election amid Trump’s trade threats.

Published

3 months ago

March 10, 2025

Ahron Young

Mark Carney secures leadership of the Canadian Liberal Party, poised for a winnable election amid Trump’s trade threats.

In Short

Mark Carney has been selected as the new leader of Canada’s Liberal Party and is set to call a general election against the Conservatives. He aims to protect Canadian interests amid U.S. tensions and differentiate his policies from those of former Prime Minister Justin Trudeau.

Former Bank of Canada and Bank of England governor Mark Carney has been chosen as the new leader of Canada’s Liberal Party.

Carney, now prime minister-designate, is expected to call a general election soon to leverage a favourable political landscape against the Conservative Party.

The shift in political dynamics followed President Trump’s imposition of tariffs on Canadian goods, which raised concerns over Canada’s economic sovereignty.

Carney stated during his speech that Canada will not succumb to threats and will protect its national interests.

Strong fundraising

His leadership victory was anticipated due to strong fundraising and support from Liberal voters after the resignation of former Prime Minister Justin Trudeau.

Liberal Party members are optimistic that Carney can harness public sentiment to safeguard Canadian interests amidst growing pressures from the U.S.

Recent polling data shows a tighter race between Carney’s Liberals and the Conservative Party, led by Pierre Poilievre, as voters express fears over future relations with the U.S.

Carney’s campaign aims to distinguish itself from Trudeau’s policies, promising tax cuts and reduced government spending.

Analysts suggest that the political atmosphere has turned in favour of the Liberals, with many voters concerned about a Conservative government that mirrors Trump’s style.

Carney’s ability to effectively communicate his vision and approach will be critical as he prepares for the upcoming election challenge.

Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

Published

1 day ago

June 20, 2025

ticker NEWS

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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News

Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

Published

1 day ago

June 20, 2025

ticker NEWS

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

Published

2 days ago

June 19, 2025

ticker NEWS

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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