- Canada,
- 10-Mar-2025 11:14 AM IST
Mark Carney: Canada's ruling Liberal Party has elected former Bank of Canada chief Mark Carney as its new leader, making him the next Prime Minister of the country. This important decision has been taken at a time when Canada is facing threats from US President Donald Trump's trade policies and mergers. Carney (59) will replace Prime Minister Justin Trudeau, who announced his resignation from his post in January.Will take over the leadership with huge supportCarney received widespread support of 85.9% in the Liberal Party, which reflects his experience and efficient leadership ability. Carney, who has held top positions in the Bank of Canada and the Bank of England, is considered a leader who has the ability to rescue the country from economic crises.Carney's assets and net worthAccording to Pierre Poilievre News, Mark Carney's net worth is estimated to be $6.97 million (about 61 crore Indian rupees) by 2025. Carney, a native of Fort Smith, has held various corporate positions that have significantly increased his wealth and investment portfolio. He has held important positions at Brookfield Asset Management and has also been chairman of the board of directors of Bloomberg LP.How did he make wealth?Carney earned most of his wealth during his long career in the financial sector. He began his career at Goldman Sachs after receiving a PhD degree from Oxford University, where he served in various roles for 13 years. During this time he worked in global financial centers such as Boston, London, New York, Tokyo and Toronto.Carney, 59, held important positions in investment banking, including co-head of sovereign risk and managing director of investment banking. He faced serious economic challenges such as the 1998 Russian financial crisis and the 2008 global recession, which strengthened his financial knowledge and crisis management capabilities.Role in rescuing Canada from crisisWhile working at Goldman Sachs, Carney understood the complex aspects of the financial system and developed his expertise. He served as the Governor of the Bank of Canada before taking over the leadership of the Bank of England in 2013. He played an important role in keeping Canada's economy stable during the global financial crisis of 2007. Due to his efforts, Canada became the first country among the G7 countries to restore its GDP to the pre-crisis level after the crisis. These achievements of his earned him the title of "Central Bank Governor of the Year" in 2012 and included him among the world's most influential financial leaders.What will be Carney's vision for Canada?As Prime Minister, Mark Carney's priority will be to keep Canada's economy stable, strengthen trade relations and implement new financial policies. His deep financial understanding and strategic approach can strengthen Canada amid global economic uncertainties.ConclusionMark Carney's becoming the Prime Minister is an important change for Canada. His financial expertise, global experience and impressive leadership abilities can help the country overcome economic challenges. Now it will be interesting to see what direction he takes Canada's economic future as Prime Minister.