Who is Mark Carne, Prime Minister in Canada?

The former President of England, Mark Carne, became the Prime Minister of Canada after he was divided on Friday. He will need all his experience in dealing with global economic crises, as the country faces a trade war launched by US President Donald Trump.

Mark Carney was the first non -British person to become the governor of England in his history, which is more than 300 years old when he took office in 2013.

He previously directed his homeland through the great recession as the ruler of Canada Bank, the central bank in the country, before being wiped in the best job in Britain Banking.

But unlike most PM-Hopeful members, Carney did not occupy a political position. However, he won the competition to replace outgoing Prime Minister Justin Trudeau easily. Now, it must lead the country through one of its most difficult challenges so far – a trade war that is escalating with its largest commercial partner, the United States.

But adhering to the role of the Prime Minister will be a fight itself. The upcoming federal elections in Canada are scheduled to be held in October, but many expect Carney to contact it shortly after the right -wing.

Although Carney traveled all over the world, where he worked for Goldman Sachs in places like New York, London and Tokyo, he was born in the remote town of Fort Smith, in the northwestern regions.

The son of high school principal, he went to Harvard University in a scholarship where he played the most Canadians in sport, hockey ice. In 1995, he obtained a PhD in Economics from Oxford University.

In 2003, he left the private sector to join Canada as a ruler deputy, and then worked in the Ministry of Finance as a vice president.

In 2007, he was appointed as the Governor of Canada, shortly before the failure of global markets, and sends the country to a deep recession. It has been widely praised by its leadership in the central bank to help the country avoid the worst crisis.

Although central bankers are confusing, it was open to its intentions to maintain low interest rates for at least a year, after cutting them greatly.

This step will be credited to help companies continue to invest even when markets are drowned. He was continuing to follow a similar approach when he was seduced to London – this time as a ruler of England Bank.

At the time at the headquarters of Threadneedle Street, he supervised major changes in how the institution works. At the beginning of his term, the bank took over the financial organization after the cancellation of the Financial Services Authority.

It is attributed to the bank’s update, and it appears frequently in the media more than its predecessor.

In 2015, the bank reduced the number of interest rate meetings from 12 to eight a year, and began spreading minutes as well as announcing the interest rate decisions.

Interest rates were established at its lowest historical levels when he took responsibility, but he presented the “front guidance” policy, as the bank will try to support the economy and encourage lending by pledging not to raise prices until unemployment decreased to less than 7 %.

Confusion on this policy witnessed that a deputy compared him to a “unreliable friend”, a Monker stuck after a long period of the original controversy.

Unlike the former conservatives who generally maintained a low decline, it made controversial interventions before two major constitutional referendums.

In 2014, it warned that independent Scotland might have to hand over the forces to the United Kingdom if it wants to continue using the pound.

Before the British exit referendum from the European Union, he warned that voting to leave the European Union could stagger.

In the wake of the vacation vote, after David Cameron resigned as prime minister and pound, he addressed the nation in an attempt to reassure the country that the financial system would work as usual.

He described her as “the most difficult day” in the job, but said that the emergency plans that the bank put in place was actively working.

The bank later reduced interest rates from 0.5 % to 0.25 % – and restart the quantitative mitigation program to support the economy.

Its last week in March 2020 witnessed the beginning of the most occurring phase of the Covid’s pandemic – the bank reduced 0.5 % rates to support the economy, and Mr. Carne told the country that the economic shock “must be temporary.”

Carney’s time in the bank gave him a lot of experience in dealing with Donald Trump – who did not impose a severe tariff on Canada only since he returned to his post in January, but also suggested that America put pressure on its least powerful neighbors.

From 2011 to 18, Carney was the head of the Financial Stability Council that coordinated the work of the organizational authorities around the world, giving him a major role in the global response to Trump’s first presidential policies.

He was regular in the G20 meetings, with Trump’s side on the world stage.

He is also known as defender of environmental sustainability. In 2019, he became a special envoy for the United Nations Climate Change, and in 2021 the Net Zero’s financial alliance, a group of banks and financial institutions that work to combat climate change.

Rumors about his political ambitions for years, but until recently, the 59 -year -old has brushed the idea.

“Why don’t you become a circus clown?” Tell a correspondent in 2012.

However, things changed, when Trudeau stepped down in January after the Finance Minister, Chrycetia Frieland, resigned, which led to the emergence of a Tafsagr party, along with Trudeau’s tank reconnaissance numbers, which led the Prime Minister to declare his resignation.

Reports suggested that Trudeau was intending to replace Freeland with Carney at the financing site.

Freeland – a personal friend – even against him in the race to replace Trudeau. But Carney won a landslide, as he photographed himself as the best equipped to confront Trump, who imposed a severe tariff on Canadian goods.

“I know how to manage crises,” Carney said during a leadership discussion late last month. “In such a situation, you need experience in crisis management, you need negotiating skills.”

However, his time in the world of financing has opened it into criticism from their political competitors in Canada.

Governor Carne was accused of lying about his role in transferring the main office of Brukvield Asset Company from Toronto to New York, although Carney says that the recent official decision to transfer the company was taken after he left the board of directors.

They also prompted him to reveal his financial assets, which Carney currently does not need to do because he is not an elected member of Parliament.

His team said that he will consider all the rules and instructions of the applicable morals as soon as the Prime Minister is.