Mark Carney: From running the Banks of England and Canada to trying to succeed Justin Trudeau
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The former Governor of the Bank of England is a frontrunner to replace Justin Trudeau as Canadian prime minister. Mark Carney came to prominence in Britain as the man hand-picked by George Osborne to be governor of the Bank of England and help bring financial stability after the 2008 banking collapse.
![[Justin Trudeau has quit as Canadian PM]](https://static.independent.co.uk/2025/01/07/05/2025-01-06T172631Z_2126164745_RC2B4CAJYLLB_RTRMADP_3_CANADA-POLITICS-2.jpg)
But his tenure at the Bank became better known for his failed attempts to stop Brexit in the 2016 referendum and a rearguard action to mitigate the disaster of leaving the EU. However, while he failed to stop Brexit he now hopes to be the man who can step in and prevent populists taking control in Canada.
The economist, 59, who holds British and Irish as well as Canadian citizenship, has put himself forward to replace Justin Trudeau as the next leader of the Liberal Party in Canada and become its prime minister. Carney was the first governor of the Bank of England chosen from outside Britain when he took up his post in 2013 which lasted until 2020.
Even though he had a strained relationship with Boris Johnson over Brexit he was still appointed as an advisor by the former prime minister when he finished at the Bank of England. More recently he was unveiled as an advisor to Rachel Reeves a year before Labour won the election.
It was always understood that he saw the position as a stepping stone for his political ambitions back in Canada for when Trudeau, a darling of international liberalism, would eventually step down. When Osborne appointed him as Lord Mervyn King’s successor he handed him an expanded remit for the Bank to bring financial supervision for a still reeling financial sector in the UK following the collapse of Northern Rock, HBOSand the Royal Bank of Scotland.
