Zürcher Nachrichten - Mark Carney to be sworn in as Canada PM

EUR -
AED 4.011413
AFN 77.053749
ALL 99.616368
AMD 427.874201
ANG 1.967185
AOA 996.122496
ARS 1160.278962
AUD 1.726616
AWG 1.96603
AZN 1.861143
BAM 1.959036
BBD 2.203719
BDT 132.611761
BGN 1.963049
BHD 0.411817
BIF 3234.245901
BMD 1.092239
BND 1.456833
BOB 7.542666
BRL 6.274482
BSD 1.091443
BTN 94.875451
BWP 14.870972
BYN 3.571836
BYR 21407.887117
BZD 2.192462
CAD 1.57146
CDF 3141.280158
CHF 0.964212
CLF 0.026479
CLP 1016.099581
CNY 7.905464
CNH 7.90727
COP 4475.012975
CRC 545.275714
CUC 1.092239
CUP 28.944337
CVE 110.447435
CZK 25.119866
DJF 194.113169
DKK 7.491017
DOP 68.63022
DZD 145.968206
EGP 55.123452
ERN 16.383587
ETB 143.365033
FJD 2.502364
FKP 0.843786
GBP 0.843949
GEL 3.031007
GGP 0.843786
GHS 16.932431
GIP 0.843786
GMD 78.728593
GNF 9448.106509
GTQ 8.421778
GYD 228.492185
HKD 8.489718
HNL 27.957283
HRK 7.564634
HTG 143.334073
HUF 401.623934
IDR 17893.181909
ILS 3.980393
IMP 0.843786
INR 94.964462
IQD 1428.836242
IRR 45983.842607
ISK 146.959916
JEP 0.843786
JMD 171.5426
JOD 0.774441
JPY 162.342823
KES 141.387748
KGS 95.795091
KHR 4384.213072
KMF 494.827137
KPW 983.132615
KRW 1590.22787
KWD 0.33658
KYD 0.908223
KZT 543.577555
LAK 23685.237186
LBP 97974.448973
LKR 322.693894
LRD 218.366464
LSL 20.00274
LTL 3.225099
LVL 0.660685
LYD 5.263144
MAD 10.592483
MDL 19.84281
MGA 5110.161555
MKD 61.811595
MMK 2292.372659
MNT 3793.456291
MOP 8.743763
MRU 43.455587
MUR 49.194668
MVR 16.866015
MWK 1896.178989
MXN 21.773842
MYR 4.843758
MZN 69.775074
NAD 20.00274
NGN 1689.993415
NIO 40.209148
NOK 11.621866
NPR 152.014362
NZD 1.900803
OMR 0.420505
PAB 1.092239
PEN 4.004768
PGK 4.408124
PHP 62.64952
PKR 305.862776
PLN 4.211258
PYG 8662.254817
QAR 3.976159
RON 5.006539
RSD 117.811092
RUB 94.373907
RWF 1552.112297
SAR 4.096304
SBD 9.30902
SCR 15.710723
SDG 656.402261
SEK 11.07276
SGD 1.45911
SHP 0.858328
SLE 24.936225
SLL 22903.7098
SOS 623.979029
SRD 39.589801
STD 22607.144948
SVC 9.557496
SYP 14201.277501
SZL 20.00274
THB 36.818388
TJS 11.904202
TMT 3.821243
TND 3.373976
TOP 2.630587
TRY 40.011891
TTD 7.419198
TWD 36.027805
TZS 2893.599092
UAH 45.25986
UGX 4001.645939
USD 1.092239
UYU 46.335177
UZS 14132.507272
VES 71.089849
VND 27853.880965
VUV 134.606667
WST 3.022638
XAF 659.769517
XAG 0.03233
XAU 0.000366
XCD 2.957012
XDR 0.81977
XOF 659.769517
XPF 119.331742
YER 269.55353
ZAR 19.857567
ZMK 9831.466852
ZMW 31.21224
ZWL 351.700557
  • RBGPF

    -0.2300

    66.2

    -0.35%

  • JRI

    0.0335

    12.83

    +0.26%

  • BCC

    2.9700

    99.35

    +2.99%

  • BCE

    -0.1990

    23.47

    -0.85%

  • RIO

    1.8400

    63.04

    +2.92%

  • CMSC

    0.0500

    23.22

    +0.22%

  • SCS

    0.2000

    10.99

    +1.82%

  • GSK

    0.2600

    39.49

    +0.66%

  • RELX

    1.1200

    48.93

    +2.29%

  • CMSD

    0.1500

    23.35

    +0.64%

  • NGG

    0.8900

    63.21

    +1.41%

  • AZN

    1.0900

    77.6

    +1.4%

  • RYCEF

    0.5700

    10.35

    +5.51%

  • VOD

    0.0500

    9.55

    +0.52%

  • BP

    1.0200

    33.39

    +3.05%

  • BTI

    -0.0200

    41.36

    -0.05%

Mark Carney to be sworn in as Canada PM
Mark Carney to be sworn in as Canada PM / Photo: Dave Chan - AFP

Mark Carney to be sworn in as Canada PM

Mark Carney will be sworn in as Canada's prime minister on Friday, taking charge of a country rattled by a breakdown in US relations since President Donald Trump's return to power.

Text size:

The ruling Liberal Party overwhelmingly backed Carney to replace Justin Trudeau, betting his experience leading two central banks through historic crises will re-assure Canadians facing a potentially devastating trade war.

Carney, who turns 60 on Sunday, is a political novice who has never won an elected public office but his campaign skills will be tested soon with Canada likely headed for a general election in weeks.

The threats posed by Trump are expected to dominate the vote.

The US president has sought to bludgeon Canada, imposing sweeping import tariffs and threatening further levies while claiming the country is not "viable" on its own and should be annexed by Washington.

Carney, who will be sworn in as Canada's 24th prime minister by Governor General Mary Simon, has described Trump's stance as the most serious challenge Canada has faced in a generation.

"Everything in my life has prepared me for this moment," Carney said Sunday after winning the Liberal Party leadership race.

He was an investment banker at Goldman Sachs before serving as governor of the Bank of Canada during the 2008-2009 financial crisis and led the Bank of England through the turmoil surrounding the Brexit vote.

He has sought to present himself as purpose-built to lead a country through a trade war with the United States, once Canada's closest ally but now a country that Carney says Canada can "no longer trust."

At a Group of Seven meeting in Quebec, Canada's Foreign Minister Melanie Joly said Carney would bring a "new dynamic" to US diplomacy.

She said she and Secretary of State Marco Rubio, who is at the G7, were working on setting up a call between Trump and Carney "in the next couple of days."

- Tightening race -

Trump's tariffs and insults have upended Canadian politics.

At the start of the year, the Liberals were trailing the Conservatives by 20 points in the polls.

But in the weeks since Trudeau announced his plans to resign on January 6, the race has tightened to a near draw.

"Carney is arriving at a good time. He has emerged as a figure people seem to trust to take on Donald Trump," University of Winnipeg politics professor Felix Mathieu told AFP.

On the week Trump's sweeping 25 percent tariffs on all steel and aluminum imports came into force, Carney visited a steel plant in Hamilton, an industrial city near the US border in the province of Ontario.

Wearing a hard hat and goggles, Carney said he was ready to work out a trade deal with Trump.

But he insisted there must be "respect for Canadian sovereignty" in any negotiation.

- Distance from Trudeau -

Trudeau posted a goodbye message to Canadians on Thursday after nearly ten years in power, saying he was "proud to have served a country full of people who stand up for what's right."

Trudeau's support had plummeted over the past year, but his standing partially rebounded following a series of resolute speeches in response to Trump.

Carney has made clear efforts to distance himself from Trudeau with moves aimed at attracting more centrist voters.

He has said addressing climate change will be a top priority but he is scrapping Trudeau's "divisive" carbon tax on individuals and families while advancing market-led solutions.

And he is stopping a tax on capital gains that would have applied to the wealthiest Canadians, which the Trudeau government said was essential to shore up Canada's finances.

"We think builders should be incentivized for taking risks and rewarded when they succeed," he said on Sunday.

Ch.Siegenthaler--NZN