Mark Carney
Mark Joseph Carney (born March 16, 1965) is a Canadian politician and economist serving as the 24th prime minister of Canada and leader of the Liberal Party since March 2025. Carney is the second person to never hold elected public office before becoming prime minister.[3] Pierre Trudeau's replacement equivalent was also an unelected official. He was the eighth governor of the Bank of Canada from 2008 to 2013 and the 120th governor of the Bank of England from 2013 to 2020.
Mark Carney | |||||||||||||||||||||||
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![]() Carney in 2015 | |||||||||||||||||||||||
24th Prime Minister of Canada | |||||||||||||||||||||||
Assumed office March 14, 2025 | |||||||||||||||||||||||
Monarch | Charles III | ||||||||||||||||||||||
Governor General | Mary Simon | ||||||||||||||||||||||
Preceded by | Justin Trudeau | ||||||||||||||||||||||
Leader of the Liberal Party | |||||||||||||||||||||||
Assumed office March 9, 2025 | |||||||||||||||||||||||
Preceded by | Justin Trudeau | ||||||||||||||||||||||
120th Governor of the Bank of England | |||||||||||||||||||||||
In office July 1, 2013 – March 15, 2020 | |||||||||||||||||||||||
Appointed by | George Osborne | ||||||||||||||||||||||
Preceded by | Sir Mervyn King | ||||||||||||||||||||||
Succeeded by | Andrew Bailey | ||||||||||||||||||||||
8th Governor of the Bank of Canada | |||||||||||||||||||||||
In office February 1, 2008 – June 3, 2013 | |||||||||||||||||||||||
Prime Minister | Stephen Harper | ||||||||||||||||||||||
Preceded by | David A. Dodge | ||||||||||||||||||||||
Succeeded by | Stephen Poloz | ||||||||||||||||||||||
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Personal details | |||||||||||||||||||||||
Born | Mark Joseph Carney March 16, 1965 Fort Smith, Northwest Territories, Canada | ||||||||||||||||||||||
Citizenship |
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Political party | Liberal | ||||||||||||||||||||||
Spouse(s) | Diana Fox (m. 1994) [1] | ||||||||||||||||||||||
Children | 4 | ||||||||||||||||||||||
Alma mater | |||||||||||||||||||||||
Signature | ![]() | ||||||||||||||||||||||
Website | www | ||||||||||||||||||||||
Scientific career | |||||||||||||||||||||||
Fields | Economics | ||||||||||||||||||||||
Thesis | The dynamic advantage of competition (1995) | ||||||||||||||||||||||
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Early life and education
Mark Joseph Carney was born on March 16, 1965, in Fort Smith, Northwest Territories.[4][5] Three of his four grandparents were Irish, from Aughagower in County Mayo.[6][7] When Carney was six, his family moved to Edmonton, Alberta.
Carney studied at St. Francis Xavier High School,[8] before studying at Harvard University.[9] He graduated in 1988 with a bachelor's degree with high honours in economics. He then undertook postgraduate studies at the University of Oxford at St Peter's College and Nuffield College, where he received Master of Philosophy (MPhil) and Doctor of Philosophy (DPhil) degrees in the economics in 1993 and 1995.[9][10]
Governor of Banks of Canada & England
He was the governor of the Bank of Canada from 2008 to 2013 and Governor of the Bank of England from 2013 until 2020 and was Chairman of the Financial Stability Board from 2011 to 2018.[4]
Prime Minister of Canada (2025–present)
On March 14, 2025, Carney was sworn in as the 24th Prime Minister of Canada, along with the 30th Canadian Ministry.[11][12][13] He became the first Canadian prime minister born in the Northwest Territories and the third born west of Ontario.[3] He is the first since John Turner not to be sitting in the House of Commons at time of appointment.[14][15]
In his first act as prime minister, Carney signed a prime ministerial directive to end the consumer carbon tax by April 1.[16] Carney's first foreign visits were to France and the United Kingdom on March 17, 2025.[17]
Carney is expected to call a federal parliamentary election for late April or early May 2025.[18]
Personal Life
In 1994, Carney married Diana Fox. They have four children. He is the godfather of Chrystia Freeland's son; Freeland ran against him in the 2025 Liberal Party leadership election.[19]
Carney is an Irish and British citizen while also holding Canadian citizenship but announced in 2025 that he was in the process of revoking both his Irish and British citizenship.[20]
Mark Carney Media
Carney, then governor of the Bank of Canada, stands in the back row with other central bank governors during the 2008 G7 finance ministerial summit
Carney, then the governor of the Bank of Canada, speaks at the 2012 World Economic Forum's "Beyond Basel: Financial Institution Regulation" panel".
Carney, then the governor of the Bank of England, attends a bilateral meeting with Guido Sandleris, the president of the Central Bank of Argentina
Carney on a panel at the COP26 alongside Canadian Prime Minister Justin Trudeau, managing director of the IMF Kristalina Georgieva, Director-General of the WTO Ngozi Okonjo-Iweala, and president of the European Commission Ursula von der Leyen
Carney and his wife, Diana Fox, arriving for the 2018 G20 Buenos Aires summit
References
- ↑ "Diana Fox Carney". Skoll Foundation. Archived from the original on 2025-01-21. Retrieved January 19, 2025.
- ↑ "Mark Carney". Today.
- ↑ 3.0 3.1 "Canada will 'never' be part of US, says Carney in first speech as PM". BBC. Retrieved March 21, 2025.
- ↑ 4.0 4.1 "Bank of Canada Governor Mark Carney". CBC News. November 26, 2012. http://www.cbc.ca/news2/interactives/carney-mark. Retrieved March 16, 2021.
- ↑ Scoffield, Heather (January 25, 2008). "Mark Carney takes up his mission [March 30, 2009 update]". The Globe and Mail: B1, B4–5. Archived from the original (print, online news report) on July 16, 2015. Retrieved June 24, 2016.
- ↑ Wilson, James (2025-01-07). "Irishman 'considering' running to replace Trudeau as Canadian Prime Minister". Newstalk. Archived from the original on 2025-01-17. Retrieved January 17, 2025.
- ↑ "Election of Carney in Canada 'very positive' for Ireland". RTÉ News. March 10, 2025. Archived from the original on March 12, 2025. Retrieved March 11, 2025.
- ↑ Mah, Bill (2012-11-26). "Mark Carney: From Edmonton Journal paperboy to Bank of England". Edmonton Journal. Archived from the original on 2019-02-05. Retrieved October 4, 2018.
- ↑ 9.0 9.1 "Mark Carney". Bank of England. Archived from the original on 2025-01-18. Retrieved March 20, 2025.
- ↑ "Mark Carney named next Bank of Canada governor" (in en). CBC News (Ottawa). October 4, 2007. https://www.cbc.ca/news/business/mark-carney-named-next-bank-of-canada-governor-1.638514. Retrieved June 24, 2016.
- ↑ Tasker, John Paul (March 14, 2025). "Carney takes power, calling it a 'solemn duty' to serve as PM in a time of crisis". CBC. https://www.cbc.ca/news/politics/carney-swearing-in-pm-cabinet-1.7482871. Retrieved March 14, 2025.
- ↑ Kestler-D'Amours, Jillian; Harb, Ali (March 14, 2025). "Canada updates: New PM Mark Carney rejects Trump's push to annex country". Al Jazeera. https://www.aljazeera.com/news/liveblog/2025/3/14/canada-live-news-trudeau-stepping-down-carney-to-be-sworn-in-as-pm. Retrieved March 14, 2025.
- ↑ Isai, Vjosa (March 14, 2025). "Mark Carney Becomes Canada's Prime Minister at Crucial Moment" (in en-US). The New York Times (Toronto). . https://www.nytimes.com/2025/03/14/world/canada/canada-prime-minister-mark-carney-trump.html. Retrieved March 14, 2025.
- ↑ Yousif, Nadine (January 16, 2025). Mark Carney runs for leader of Canada's Liberal Party. https://www.bbc.co.uk/news/articles/c3vppxe99ndo. Retrieved January 16, 2025.
- ↑ Tunney, Catharine (March 9, 2025). "In landslide win, Liberal Party chooses Mark Carney as new leader and next PM". CBC News. Archived from the original on 14 March 2025. Retrieved 10 March 2025.
- ↑ Major, Darren (2025-03-14). "Carney kills consumer carbon tax in first move as prime minister". CBC News. https://www.cbc.ca/news/politics/mark-carney-drops-carbon-tax-1.7484290. Retrieved March 18, 2025.
- ↑ Churchmann, Laurie; Fontemaggi, Francesco; Provost, Anne-Marie (March 18, 2025). "New Canadian PM meets King Charles after Trump threats". CTV News. https://www.ctvnews.ca/politics/article/new-canadian-pm-meets-king-charles-after-trump-threats/. Retrieved March 18, 2025.
- ↑ Ha, Stephanie; Aiello, Rachel (20 March 2025). PM Carney to call election on Sunday with vote as soon as April 28: sources. https://www.ctvnews.ca/politics/article/pm-carney-to-call-election-on-sunday-with-vote-as-soon-as-april-28-sources/. Retrieved 20 March 2025.
- ↑ Seal, Thomas (January 6, 2025). "Carney, Freeland and Cabinet Ministers Are Among the Contenders to Succeed Trudeau". BNN Bloomberg.
- ↑ "Mark Carney says he's begun the process of renouncing Irish, U.K. citizenship". CBC News. Retrieved March 9, 2025.
Other websites
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- Biography from the Bank of England
- Appearances on C-SPAN
- REDIRECT Template:Current G7 Leaders