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Tuesday, August 18, 2026

Mark Carney elected leader of ruling Liberal Party of Canada

Key Takeaways

  • Mark Carney elected as the new leader of the Liberal Party of Canada, set to succeed Justin Trudeau as Prime Minister.
  • Carney’s government will focus on building a stronger economy and creating new trade relationships.
  • Mark Carney’s leadership will prioritize border security and minimize the impact of retaliatory tariffs on Canada.

Ottawa: The ruling Liberal Party of Canada announced Sunday that former Bank of Canada Governor Mark Carney will take over as the party’s new leader.

Carney is set to succeed Justin Trudeau as prime minister and form a new government.

Carney secured a landslide victory with 131,674 votes, representing 85.9 percent of party support.

Addressing party members from across the country in a rallying speech, Carney said Canadians know that new threats demand new ideas and a new plan.

“They know that new challenges demand new leadership. My government will put into action our plan to build a stronger economy, to create new trading relationships with reliable partners, and to secure our borders,” he said.

Carney promised to maintain the planned retaliatory tariffs on the United States, aiming to maximize the impact on the United States and minimise the effects on Canada.

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