this post was submitted on 09 Mar 2025
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Liberal Party members have chosen former central banker Mark Carney to be their new leader and the next prime minister of Canada.

Carney secured enough votes in the first round of voting to win the job, party president Sachit Mehra announced.

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[–] [email protected] 2 points 2 months ago (4 children)

Carney had nothing to do with Canada's economy, it was Jim Flaherty. Carney did major economic damage to England and England was worse off when Carney left. He plans to bring in more taxes if he can't increase current sales taxes plus increase income taxes.

[–] [email protected] 15 points 2 months ago

He plans to bring in more taxes if he can't increase current sales taxes plus increase income taxes.

Not sure where you're getting this from but it goes directly against what he's been saying throughout his campaign.

[–] [email protected] 12 points 2 months ago (1 children)

Doing the same job here he had no influence and doing the same job there he ruined everything?

Maybe the UK is worse off because of Brexit, an event which had really only one outcome: worse trade policies, and using less efficient industries to compete against more efficient competitors.

[–] [email protected] 8 points 2 months ago (1 children)

Carney was against Brexit because it was bad economic policy for the UK to follow. They voted for it anyway twice and Carney helped them through it despite him not agreeing with it. The UK is still suffering now and is even talking about re-joining the EU.

[–] [email protected] 4 points 2 months ago

Yeah that's not really his fault at all, in his position I think it's expected that regardless of the political situation you see it through.

[–] [email protected] 10 points 2 months ago* (last edited 2 months ago) (1 children)

OMG a Minister of Finance and the Governor of the Bank of Canada had entirely different jobs to do, and different roles. They worked together but had different responsibilities.

He’s going to tax polluting industries. Instead of individuals. If the country elects the Liberals under Carney it’s a mandate to try new things. What those new things are, will be decided by a guy with an education in economics and experience as a policy maker as the Governor of two major global Banks.

[–] [email protected] 1 points 2 months ago (3 children)

Under Carney, everything you buy will get more expensive, plus you will have less money with higher taxes. Watch what happens to your money in 3 weeks on April 1st.

[–] [email protected] 8 points 2 months ago

Please no. He’s not Trump.

[–] [email protected] 6 points 2 months ago

I've set a reminder to revisit this on April 1.

[–] [email protected] 1 points 1 month ago

It's April 1 today. Just wondering how your money is doing, because from what I can see there isn't much of a change from 3 weeks ago.

[–] [email protected] 8 points 2 months ago (1 children)

Carney had nothing to do with Canada's economy, it was Jim Flaherty.

Pfft. I was around back then and Flaherty was just Harper's mouthpiece.

And for your information ...

In practice, the (BoC) governor sets monetary policy independently of the government. Source

[–] [email protected] 6 points 2 months ago (1 children)
[–] [email protected] 5 points 2 months ago