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Mark Carney is Canada's PM.

(110 Posts)
Wyllow3 Mon 10-Mar-25 15:29:47

Well..who'd have thought it - we've exported a "numbers man" at a crucial time in Canda's future.

www.bbc.co.uk/news/articles/c80y3m249z3o

Determined to stand up to Trump, presumably really knows his way around tariff wars.

"The former Bank of England governor chose to lean strongly into resisting Donald Trump's policies at his acceptance speech.

He said the US president had brought "dark days" from "a country we can no longer trust" and that he was "proud" of Canadians resisting the US "with their wallets".

While on trade specifically Mr Carney vowed to keep the retaliatory tariffs "until Americans show us respect", it was clear that the general threats against Canadian sovereignty are equally as important in his thinking.

Trump has repeatedly said he will use economic power to encourage Canada to become the 51st state of the US, but Carney hit back. "The Americans want our resources, our land, our water, our country… Canada will never be part of America in any way, shape or form," he said."

"Carney has experience in this area having dealt with a number of acute political-economic crises, such as the banking crash, the eurozone crisis, sterling's sharp slide after Brexit, and the start of the pandemic.
He has also regularly attended G20 meetings at leader level, including in the presence of Trump, as chair of the Financial Stability Board, an international economic body. At one such meeting, the Trump team threatened to leave the International Monetary Fund."

More in the article, but I noticed two points:

His rise to the top job raises the stakes for the UK. On the one hand, a more robust approach from an allied G7 leader stands in contrast to the UK's attempt to hug the White House closely

On the other hand, Carney also hinted at wanting to diversify trade towards "more reliable" partners, which would include the UK and EU. Canada might send its subsidised energy to Europe, rather than the US (that might be nice!)

MaizieD Tue 11-Mar-25 08:06:34

nanna8

Never heard of him but they do get some nice young blokes in power over there.

Were you being sarcastic? I wouldn’t describe Carney as ‘young’ . He’s pushing 60 😆

foxie48 Tue 11-Mar-25 08:17:38

He was extremely effective as head of Bank of England, it was not his job to support the government it was to predict what the consequences of their actions would be and he was often out of step with the Conservative government. Since 1997 when the BoE made independent that was the job he was paid to do, give independent advice.

Cossy Tue 11-Mar-25 08:22:36

love0c

Caused havoc with our banks and now will cause havoc in Canada if allowed to!

Did he though? I found him measured and controlled.

Good for him and viva Canada!

MaizieD Tue 11-Mar-25 08:44:54

I think we’re still waiting to find out about the ‘havoc’ he caused…

BoE ‘independence’ is illusory, you know, foxie. It is still legally obliged to carry out any government instruction given to it.

Cossy Tue 11-Mar-25 09:21:37

love0c

Why is it on any of the political threads there is always the same nasty, miserable comments from the same people? These people do not wish to debate or hear someone else's view. They only like their own! 'Empty life' syndrome I guess.

Really??

You were the one who made the comment “caused havoc” and some of us simply don’t agree!

I’m absolutely sure we don’t have “empty life syndrome” and most of us are very happy to debate and consider others opinions, it’s seems maybe it’s you who cannot debate or hear anyone else’s views? grin

AGAA4 Tue 11-Mar-25 09:21:52

I am in favour of anyone who will stand up to Trump the Bully and play him at his own game.
I see the US markets aren't doing well. All down this morning.

Barleyfields Tue 11-Mar-25 09:34:51

I would be happy to debate the havoc love0c says Carney caused if she would tell us what it was. Come on love0c, explain your opinion.

Freya5 Tue 11-Mar-25 09:49:16

As I heard this about him, Carney is Trudeau on steroids, an Alpha male, according to some , has violent temper tantrums, who will not use any diplomacy towards the US. He will ramp up the anti, causing even more problems for Canada, which relies on the US for 75% of its exports, and a third of all imports.
US can manage without Canada is the same true in reverse.
I'll never forgive him for the awful plastic banknotes, has he foisted them on Canadians I wonder !! He also politicised the Bof E over Brexit. A non European, should have kept his opinion to himself. Was on the board of Gov paymasters WEF.

foxie48 Tue 11-Mar-25 09:58:31

MaizieD

I think we’re still waiting to find out about the ‘havoc’ he caused…

BoE ‘independence’ is illusory, you know, foxie. It is still legally obliged to carry out any government instruction given to it.

Yes, the government can over rule the Bank of England's decisions but It never has, as far as I know. You can argue that this is because the bank knows listens to the govt and does it's bidding because it knows that it can be over ruled or the converse is the govt listens to the bank and they come to some agreement over monetary policy. I think the better the Governor of the bank is, the more inclined the govt will be to listen and take note but then again, I'm an optimist.

Casdon Tue 11-Mar-25 10:05:26

Freya5

As I heard this about him, Carney is Trudeau on steroids, an Alpha male, according to some , has violent temper tantrums, who will not use any diplomacy towards the US. He will ramp up the anti, causing even more problems for Canada, which relies on the US for 75% of its exports, and a third of all imports.
US can manage without Canada is the same true in reverse.
I'll never forgive him for the awful plastic banknotes, has he foisted them on Canadians I wonder !! He also politicised the Bof E over Brexit. A non European, should have kept his opinion to himself. Was on the board of Gov paymasters WEF.

Where did you hear that he is ‘Trudeau on steroids’ Freya5, can you post a link please?

Wyllow3 Tue 11-Mar-25 10:05:44

Where did you read about the "violent temper tantrums?". What makes you think he cant be diplomatic? Quite bizarre.

(He was pretty cross with Truss, perhaps where that has come from?)

Wyllow3 Tue 11-Mar-25 10:10:08

Casdon that well known journal the Edmonton journal called him that
edmontonjournal.com/opinion/columnists/mark-carney-justin-trudeau-carbon-tax-economy-emissions-david-staples

Its clearly a right wing orientated journal supporting the opposition to Carney's party not just Carney.

Barleyfields Tue 11-Mar-25 10:10:52

How very strange that none of these comments were made about Carney when he was Governor of the BoE Freya. It was his job to have a view on how Brexit would affect Britain. And as for not forgiving him for ‘plastic’ banknotes - what on earth is your problem?

Wyllow3 Tue 11-Mar-25 10:22:17

Possibly the Spectator? but its behind a firewall.

The Guardian (which is accessible) has a profile worth a read as to his background

www.theguardian.com/business/2025/mar/10/mark-carney-canada-elections-new-prime-minister-career-profile-liberal-party

"Mark Carney, the ‘boring guy’ whose economic acumen could help Canada tackle Trump".

I think the "on steroids" accusation is just Canada's Conservative Party "having a go" in the pre election run up.

Rosie51 Tue 11-Mar-25 10:24:58

Freya5 Canada had 'plastic' banknotes long before us. I like them they never feel as dirty and used as paper banknotes. My one tiny criticism? They tend not to recover well from being in bi-fold wallets or purses, but that's a small price to pay.

Allira Tue 11-Mar-25 10:39:24

Barleyfields

How very strange that none of these comments were made about Carney when he was Governor of the BoE Freya. It was his job to have a view on how Brexit would affect Britain. And as for not forgiving him for ‘plastic’ banknotes - what on earth is your problem?

They bounce around 😂😂😂

I got used to them in Australia, very useful when DH left his wallet in his trouser pocket and it went through a warm wash in the washing machine.

Cossy Tue 11-Mar-25 11:19:52

Rosie51

Freya5 Canada had 'plastic' banknotes long before us. I like them they never feel as dirty and used as paper banknotes. My one tiny criticism? They tend not to recover well from being in bi-fold wallets or purses, but that's a small price to pay.

They do recover well though when (accidentally) put through the washing machine, as I discovered just last week!

Cossy Tue 11-Mar-25 11:20:50

I’m off to Canada in July for three weeks, seeing friends in Calgary and relatives in Ottawa, I’ll ask them of their opinion of Trump and Carney!

Cossy Tue 11-Mar-25 11:26:11

Freya5

As I heard this about him, Carney is Trudeau on steroids, an Alpha male, according to some , has violent temper tantrums, who will not use any diplomacy towards the US. He will ramp up the anti, causing even more problems for Canada, which relies on the US for 75% of its exports, and a third of all imports.
US can manage without Canada is the same true in reverse.
I'll never forgive him for the awful plastic banknotes, has he foisted them on Canadians I wonder !! He also politicised the Bof E over Brexit. A non European, should have kept his opinion to himself. Was on the board of Gov paymasters WEF.

Correction Canada imports 75% of their fruit from USA and 60% of their vegs.

They could easily, but not as cheaply, get these produce from almost any other country.

They need to ramp up their security forces, but yes, they’d survive without the USA, as would we all.

It would be expensive and somewhat time consuming, but it could be done.

MaizieD Tue 11-Mar-25 11:26:17

Cossy

Rosie51

Freya5 Canada had 'plastic' banknotes long before us. I like them they never feel as dirty and used as paper banknotes. My one tiny criticism? They tend not to recover well from being in bi-fold wallets or purses, but that's a small price to pay.

They do recover well though when (accidentally) put through the washing machine, as I discovered just last week!

The old paper notes washed quite well, too. Not as indestructible as the plastic ones, but pretty durable.😆

Cossy Tue 11-Mar-25 11:32:02

Of course, it is true Canada and USA are big trading partners and Canada do export almost 80% of their goods through the USA, but I think the USA over-egg their own self-importance in almost everything, especially with Trump at the helm and I’m sure Canada could find other trading partners if needed.

Rosie51 Tue 11-Mar-25 11:53:18

Cossy

Rosie51

Freya5 Canada had 'plastic' banknotes long before us. I like them they never feel as dirty and used as paper banknotes. My one tiny criticism? They tend not to recover well from being in bi-fold wallets or purses, but that's a small price to pay.

They do recover well though when (accidentally) put through the washing machine, as I discovered just last week!

The left over notes from last year's trip are really 'bent' from being stored, maybe I should purposefully give them a quick dip in the washing machine before they return this year grin

Allira Tue 11-Mar-25 11:58:22

Rosie51

Cossy

Rosie51

Freya5 Canada had 'plastic' banknotes long before us. I like them they never feel as dirty and used as paper banknotes. My one tiny criticism? They tend not to recover well from being in bi-fold wallets or purses, but that's a small price to pay.

They do recover well though when (accidentally) put through the washing machine, as I discovered just last week!

The left over notes from last year's trip are really 'bent' from being stored, maybe I should purposefully give them a quick dip in the washing machine before they return this year grin

a quick press over a damp cloth?!

Granmarderby10 Tue 11-Mar-25 12:05:17

How has this thread gone from Canada and Carney to literal money laundering? 😂

Rula Tue 11-Mar-25 12:06:40

Granmarderby10

How has this thread gone from Canada and Carney to literal money laundering? 😂

Oh, that's very good!