Up in the 51st state leftwing Canukistan, Justin Trudeau is stepping down after nine long years in power in favor of banker Mark Carney.
Former central banker Mark Carney won the race to become leader of Canada’s ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday.
Carney will take over at a tumultuous time in Canada, which is in the midst of a trade war with longtime ally the United States under President Donald Trump and must hold a general election soon.
Carney, 59, took 86% of votes cast to beat former Finance Minister Chrystia Freeland in a contest in which just under 152,000 party members voted.
“There’s someone who’s trying to weaken our economy,” Carney said of Trump, spurring loud boos at the party gathering. “He’s attacking Canadian workers, families, and businesses. We can’t let him succeed.”
“This won’t be business as usual,” Carney said. “We will have to do things that we haven’t imagined before, at speeds we didn’t think possible.”
Trudeau announced in January that he would step down after more than nine years in power as his approval rating plummeted, forcing the ruling Liberal Party to run a quick contest to replace him.
“Make no mistake, this is a nation-defining moment. Democracy is not a given. Freedom is not a given. Even Canada is not a given,” Trudeau said.
Carney, a political novice, argued that he was best placed to revive the party and to oversee trade negotiations with Trump, who is threatening additional tariffs that could cripple Canada’s export-dependent economy.
Trudeau has imposed C$30 billion of retaliatory tariffs on the United States in response to tariffs Trump levied on Canada.
“My government will keep our tariffs on until the Americans show us respect,” Carney said.
Yeah, Trump is not exactly known for giving in to demands for “respect.” And given that the United States makes up some 77% of Canada’s world trade, while the Canada only makes up some 13% of America’s $9 trillion in global trade, the power dynamic between the two countries is hardly equal. Canada is much, much more exposed to economic hardship in a trade war than the United States is. I expect Carney’s and Canada’s resolve to work about as long and well as it did in the South Park “Canada on Strike” episode.
Can we expect Carney to undo some of Trudeau’s most heinous policies?
Don’t get your hopes up.
Don’t expect anything to change until Canadian federal elections later this year.