Carney navigated crises when he was the head of the Bank of Canada during the 2008 financial crisis, and then in 2013 when he became the first noncitizen to run the Bank of England — helping to manage the worst impacts of Brexit in the U.K. He will now try to steer Canada through the trade war brought by Trump.
Carney, a former Goldman Sachs executive with no experience in politics, becomes Canada’s 24th prime minister. He said protecting Canadian workers and their families in the face of unjustified trade actions and growing the economy will be his top priorities.
Carney said he will travel to Europe to visit French President Emmanuel Macron and U.K. Prime Minister Keir Starmer in the coming days. He received invitations from both.
"We must diversify our trade partners and strengthen our security in so doing," Carney said.