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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!)

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.

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.

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.

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.

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

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 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!

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.

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 😆

Wyllow3 Tue 11-Mar-25 00:16:08

He won't be afraid of the tough decisions, articulate: quiet charisma: it looks like he is positioned towards the right side of centre which should help keep the further right out, he'll work with Europe.

Deedaa Mon 10-Mar-25 23:54:57

I always liked him. He seemed to know what he was doing, which was quite a contrast to some of our MPs. He could make his point without all the theatrics that we get from so many people, and he is rather attractive.

nanna8 Mon 10-Mar-25 23:36:42

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

JenniferEccles Mon 10-Mar-25 23:08:26

Oh yes Mr.doom and gloom himself.
He was continually talking down our economy, wasn’t he and I remember his predictions were invariably proved wrong.

I was glad to see the back of him.

PoliticsNerd Mon 10-Mar-25 22:58:28

imaround

I came by in hopes I would get to read some opinions in him, as I know very little.

I am happy to hear how well he will be standing to stand up to Trump. Sounds like just what Canada needs to protect itself from the US.

This may help imaround www.youtube.com/watch?v=U5u2zmpvBBk It's The Rest is Politics Leading interview with Mark Carney

keepingquiet Mon 10-Mar-25 22:50:08

He is going to call a GE soon I understand, and so the people of Canada will choose who they want to govern them.

He has his work cut out meanwhile, doesn't he?

I wish him and the people of Canada who I admire greatly, the best of luck.

petra Mon 10-Mar-25 22:39:53

I’m sure he would be a very nice guest at a dinner party.
But at his core he is a banker. Not top of my list of admiral professions.
I think he was head of risk aversion? at Goldman Sachs when they advised and arranged the Greek government to hide their true debt from the EU.

imaround Mon 10-Mar-25 22:27:39

I came by in hopes I would get to read some opinions in him, as I know very little.

I am happy to hear how well he will be standing to stand up to Trump. Sounds like just what Canada needs to protect itself from the US.

PoliticsNerd Mon 10-Mar-25 20:49:31

Lyndie

I am surprised he wants to keep sovereignty of Canada, when he was keen for us to not have sovereignty!

When was that?

foxie48 Mon 10-Mar-25 20:46:59

I'm also a fan of Carney, a serious person with sensible, balanced views and I absolutely love the way he's prepared to stand up to Trump. He'll make mincemeat of Trump, Vance and Musk because he's an educated civilised person with loads of real world experience. He's also got a beautiful voice.

Wyllow3 Mon 10-Mar-25 19:50:41

Barleyfields

He will stand up for Canada against Trump, and will be good for our relationship with Canada. Trump will soon find out that he’s no match for Carney.

Btw OP, we haven’t exported him - did you not know that he’s Canadian? We borrowed him for a few years.

(Writing "exported" was just a turn of phrase Barleyfields (an attempt to be tongue in cheek playing with the idea of export/import/tariffs).

Jane43 Mon 10-Mar-25 19:12:09

I suspect he understand tariffs, unlike Trump.

Lyndie Mon 10-Mar-25 19:08:00

I disagree with you.

Claremont Mon 10-Mar-25 18:55:39

Point taken Maizie, thanks.

MaizieD Mon 10-Mar-25 18:54:44

Claremont

No comment was nasty or miserable. The question is very fair 'what havoc was that?'

The havoc was caused by Brexit, and he quite rightly and professionally warned that would happen.

'Empty life syndrome' comment is way way out of order, and, yes, nasty and unpleasant.

Brexit didn't cause bank havoc, though. I'm interested to know what bank havoc he is supposed to have caused.

(Mind you, banks were quite capable of causing their own havoc)

pascal30 Mon 10-Mar-25 18:35:47

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.

Totally uncalled for unpleasant comment