Mark Carney Vows To Build New Economic And Security Relationships
April 29, 2025—Canada elected Mark Carney to lead the country amid an atmosphere of tense relations with the United States under the presidency of Donald Trump.
Carney is an economist and former central banker with extensive experience in managing financial turbulence. He led the Bank of England during Britain’s Brexit from the European Union and saw the Bank of Canada through the 2008-9 financial crisis.
In March, he won the election to lead the Liberal Party with 85.9 percent of the party’s vote. He was sworn in as prime minister shortly thereafter, replacing Justin Trudeau.
America Won’t ‘Break Us’
America played a central role in this year’s Canadian elections. In his second term, Trump has taken an aggressive stance toward Canada, vowing to take it and make it part of the United States. Carney promised to fight back. He promised to strengthen Canada’s ties with the rest of the world.
“As I’ve been warning for months, America wants our land, our resources, our water, our country. Never. These are not idle threats. President Trump is trying to break us so he can own us. That will never happen,” Carney said in his victory speech today.
Carney is poised to build new economic and security relationships. He has a strong understanding of and relations with Europe. After winning the Liberal Party election in March, he gave up his citizenship in both Ireland and Britain.
Global Trade Without U.S. Leadership
“Our world has fundamentally changed,” Carney said, emphasizing that America has given up its leadership role in an open trading system. He said Canada would build stronger ties with Europe, Asia, and other regions.
“We are over the shock of the American betrayal, but we should never forget the lessons. We have to look out for ourselves and above all, we have to take care of each other.”
The full text of Carney’s victory speech is available on the National Post. A video replay of it is on YouTube.
