Mark Carney, a 59-year-old Harvard graduate and former central banker with no prior experience in public office, has been appointed as Justin Trudeau's successor, becoming Canada's next Prime Minister and leader of the ruling Liberal Party.
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00:00All right we have some news coming in this morning. Former central banker Mark
00:04Carney has become Canada's next Prime Minister after the governing Liberal
00:09Party elected him its leader its leader on Sunday. With this President Donald
00:15Trump's trade war and annexation threat and a federal election looms, Carney 59
00:22replaces Prime Minister Justin Trudeau who announced his resignation in January
00:27but remains Prime Minister until his successor is sworn in in the next few
00:31days. Carney won in a landslide winning 85.9% of the vote. We'll be getting you
00:37more updates on that big story but we're talking about the announcement of the
00:42former central banker Mark Carney as the new Canadian Prime Minister as a
00:46successor to Justin Trudeau.
00:50The Canadian government has rightly retaliated and is rightly retaliating
00:55with our own tariffs that will have maximum impact in the United States and
01:00minimum impact here in Canada. My government will keep our tariffs on
01:06until the Americans show us respect.
01:12All right I'm going to go straight across to Shashank Mattu for more details
01:16on that story at this point in time. Shashank just take us to the highlights
01:20of this new appointment the former central banker is the new Prime Minister
01:24of Canada. Yeah so Mark Carney is the former governor of the Bank of Canada
01:32and the Bank of England. He's widely acknowledged to be a rock star
01:36economist that's the label that's often assigned to him. He was very much an
01:40outsider in this year's election campaign. There have been rumors swirling
01:44for several years that Mark Carney was considering a jump into electoral
01:48politics. Justin Trudeau had earlier tried to recruit him as his finance
01:53minister but Mark Carney always had his eye on becoming Prime Minister with an
01:57ambition that he has now achieved in his speech. You know he has had this unique
02:02opportunity both of replacing Justin Trudeau and distancing himself from
02:06Justin Trudeau's legacy in some ways because Trudeau has become extremely
02:10unpopular given the fact that the Liberal Party is now headed into an
02:13election. It needs to keep a majority in place and it is facing a tough challenge
02:18from the opposition Conservative Party. So Mark Carney in his victory speech used
02:23his credentials as an economist, distanced himself from a lot of
02:26proposals that have made Justin Trudeau extremely unpopular but he also promised
02:30to stand up to Donald Trump who is President of the United States and who in the
02:35minds of many Canadians is trying to bully Canada by saying that it will
02:39become America's 51st state and so on and so forth. This has given a major poll
02:43boost to Justin Trudeau and the Liberal Party and now Mark Carney has to take up
02:47that mantle and lead the party to an election victory. So definitely an
02:51outsider coming in from nowhere and has taken up the mantle of leadership of
02:56the Liberal Party and will now become Canada's Prime Minister.
02:59Alright I'm gonna thank you Shashank Mattu getting us those details and putting
03:03that important story into perspective a new appointment in Canada and the
03:07impact of fit as par as the relationship between America and Canada is concerned.