Mark Carney

The Right Honourable

Mark Carney

PC OC MP
Carney in 2025
24th Prime Minister of Canada
Assumed office
March 14, 2025
MonarchCharles III
Governor GeneralMary Simon
Preceded byJustin Trudeau
Leader of the Liberal Party
Assumed office
March 9, 2025
Preceded byJustin Trudeau
Member of Parliament
for Nepean
Assumed office
April 28, 2025
Preceded byChandra Arya
Central bank roles
Governor of the Bank of England
In office
July 1, 2013 – March 15, 2020
Appointed byGeorge Osborne
Preceded bySir Mervyn King
Succeeded byAndrew Bailey
2nd Chair of the Financial Stability Board
In office
November 4, 2011 – November 26, 2018
Preceded byMario Draghi
Succeeded byRandal Quarles
8th Governor of the Bank of Canada
In office
February 1, 2008 – June 3, 2013
Prime MinisterStephen Harper
Preceded byDavid A. Dodge
Succeeded byStephen Poloz
Deputy Governor of the Bank of Canada
In office
August 10, 2003 – November 15, 2004
Prime MinisterPaul Martin
Preceded byPaul Jenkins
Succeeded byTiff Macklem
Other offices held
United Nations Special Envoy for Climate Action and Finance
In office
December 1, 2019 – January 15, 2025
Appointed byAntónio Guterres
Preceded byPosition established
Succeeded byVacant
Senior Associate Deputy Minister of Finance
In office
November 15, 2004 – February 4, 2007
Prime Minister
Preceded byKevin G. Lynch
Succeeded byMicheal Horgan
Personal details
Born
Mark Joseph Carney

(1965-03-16) March 16, 1965
Fort Smith, Northwest Territories, Canada
Citizenship
  • Canada
  • Ireland (1980s–2025)
  • United Kingdom (2018–2025)
Political partyLiberal
Spouse(s)
Diana Fox
​
(m. 1994)​
[1]
Children4
Alma mater
Signature
Websitewww.markcarney.ca
Scientific career
FieldsEconomics
ThesisThe dynamic advantage of competition (1995)
Doctoral advisorMargaret A. Meyer
Ice hockey career
Position Goaltender (1986–87, 1992–94)
Played for Harvard Crimson (1986–87)
Oxford University Blues (1992–94)
Playing career 1986–1994

Mark Joseph Carney (born March 16, 1965) is a Canadian politician and economist serving as the 24th prime minister of Canada and leader of the Liberal Party since March 2025. He has also been a member of Parliament for Nepean since April 2025. Carney is the second person to never hold elected public office before becoming prime minister.[3] He was the eighth governor of the Bank of Canada from 2008 to 2013 and the 120th governor of the Bank of England from 2013 to 2020.

In January 2025, following Prime Minister Justin Trudeau's resignation, Carney announced his plans to run in the leadership of the Liberal Party of Canada, winning a landslide victory in March. Shortly after winning the Liberal Party leadership election and becoming prime minister, Carney asked the governor general to dissolve Parliament and call for a general election, in which he led the Liberal Party to a historic fourth term in government.[4]

Early life and education

Mark Joseph Carney was born on March 16, 1965, in Fort Smith, Northwest Territories.[5][6] Three of his four grandparents were Irish, from Aughagower in County Mayo.[7][8] When Carney was six, his family moved to Edmonton, Alberta.

Carney studied at St. Francis Xavier High School,[9] before studying at Harvard University.[10] He graduated in 1988 with a bachelor's degree with high honours in economics. He then undertook postgraduate studies at the University of Oxford at St Peter's College and Nuffield College, where he received Master of Philosophy (MPhil) and Doctor of Philosophy (DPhil) degrees in the economics in 1993 and 1995.[10][11]

Governor of Banks of Canada and England

He was the governor of the Bank of Canada from 2008 to 2013 and Governor of the Bank of England from 2013 until 2020 and was Chairman of the Financial Stability Board from 2011 to 2018.[5]

Prime Minister of Canada (2025–present)

On March 14, 2025, Carney was sworn in as the 24th Prime Minister of Canada, along with the 30th Canadian Ministry.[12][13][14] He became the first Canadian prime minister born in the Northwest Territories and the third born west of Ontario.[3] He is the first since John Turner not to be sitting in the House of Commons at time of appointment.[15][16]

In his first act as prime minister, Carney signed a prime ministerial directive to end the consumer carbon tax by April 1.[17] Carney's first foreign visits were to France and the United Kingdom on March 17, 2025.[18]

Carney was expected to call a federal parliamentary election for late April or early May 2025. On March 22, the Liberal Party announced that Carney would run for the riding of Nepean in the election.[19][20] On March 23, Carney visited Governor General Mary Simon and asked to dissolve parliament and call an election for April 28.[21] Carney and the Liberal Party would go on to win the election and form a minority government.[22]

Personal Life

In 1994, Carney married Diana Fox. They have four children. He is the godfather of Chrystia Freeland's son; Freeland ran against him in the 2025 Liberal Party leadership election.[23]

Carney was an Irish and British citizen while also holding Canadian citizenship but announced in 2025 that he was in the process of revoking both his Irish and British citizenship. Right before being appointed as the 24th prime minister of Canada, Carney was able to revoke both his Irish and British citizenship.[24]

References

  1. ↑ "Diana Fox Carney". Skoll Foundation. Archived from the original on 2025-01-21. Retrieved January 19, 2025.
  2. ↑ "Mark Carney". Today. August 8, 2013. BBC Radio 4. Archived from the original on February 28, 2021. Retrieved January 18, 2014.
  3. ↑ 3.0 3.1 "Canada will 'never' be part of US, says Carney in first speech as PM". BBC. Retrieved March 21, 2025.
  4. ↑ Regan, Max Saltman, Paula Newton, Helen (2025-04-29). "Canada's Liberals projected to win election overshadowed by Trump's threats". CNN. Retrieved 2025-04-29.{{cite web}}: CS1 maint: multiple names: authors list (link)
  5. ↑ 5.0 5.1 "Bank of Canada Governor Mark Carney". CBC News. November 26, 2012. Retrieved March 16, 2021.
  6. ↑ Scoffield, Heather (January 25, 2008). "Mark Carney takes up his mission [March 30, 2009 update]". The Globe and Mail: B1, B4–5. Archived from the original (print, online news report) on July 16, 2015. Retrieved June 24, 2016.
  7. ↑ Wilson, James (2025-01-07). "Irishman 'considering' running to replace Trudeau as Canadian Prime Minister". Newstalk. Archived from the original on 2025-01-17. Retrieved January 17, 2025.
  8. ↑ "Election of Carney in Canada 'very positive' for Ireland". RTÉ News. March 10, 2025. Archived from the original on March 12, 2025. Retrieved March 11, 2025.
  9. ↑ Mah, Bill (2012-11-26). "Mark Carney: From Edmonton Journal paperboy to Bank of England". Edmonton Journal. Archived from the original on 2019-02-05. Retrieved October 4, 2018.
  10. ↑ 10.0 10.1 "Mark Carney". Bank of England. Archived from the original on 2025-01-18. Retrieved March 20, 2025.
  11. ↑ "Mark Carney named next Bank of Canada governor". CBC News. Ottawa. October 4, 2007. Archived from the original on October 8, 2007. Retrieved June 24, 2016.
  12. ↑ Tasker, John Paul (March 14, 2025). "Carney takes power, calling it a 'solemn duty' to serve as PM in a time of crisis". CBC. Archived from the original on 15 March 2025. Retrieved March 14, 2025.
  13. ↑ Kestler-D'Amours, Jillian; Harb, Ali (March 14, 2025). "Canada updates: New PM Mark Carney rejects Trump's push to annex country". Al Jazeera. Archived from the original on 14 March 2025. Retrieved March 14, 2025.
  14. ↑ Isai, Vjosa (March 14, 2025). "Mark Carney Becomes Canada's Prime Minister at Crucial Moment". The New York Times. Toronto. ISSN 0362-4331. Archived from the original on March 14, 2025. Retrieved March 14, 2025.
  15. ↑ Yousif, Nadine (January 16, 2025). "Mark Carney runs for leader of Canada's Liberal Party". BBC News. Archived from the original on January 16, 2025. Retrieved January 16, 2025.
  16. ↑ Tunney, Catharine (March 9, 2025). "In landslide win, Liberal Party chooses Mark Carney as new leader and next PM". CBC News. Archived from the original on 14 March 2025. Retrieved 10 March 2025.
  17. ↑ Major, Darren (2025-03-14). "Carney kills consumer carbon tax in first move as prime minister". CBC News. Archived from the original on 2025-03-15. Retrieved March 18, 2025.
  18. ↑ Churchmann, Laurie; Fontemaggi, Francesco; Provost, Anne-Marie (March 18, 2025). "New Canadian PM meets King Charles after Trump threats". CTV News. AFP. Archived from the original on 19 March 2025. Retrieved March 18, 2025.
  19. ↑ "Mark Carney to run for seat in Ottawa's Nepean riding". CBC News. March 22, 2025.
  20. ↑ Ha, Stephanie; Aiello, Rachel (20 March 2025). "PM Carney to call election on Sunday with vote as soon as April 28: sources". CTV News. Retrieved 20 March 2025.
  21. ↑ Tunney, Catharine (March 23, 2025). "Carney asks for April 28 election, setting off tight race in shadow of trade war". CBC News. Retrieved March 23, 2025.
  22. ↑ "Canada's Liberal Party wins election dominated by Trump's trade war". Al Jazeera. Retrieved 2025-04-29.
  23. ↑ Seal, Thomas (January 6, 2025). "Carney, Freeland and Cabinet Ministers Are Among the Contenders to Succeed Trudeau". BNN Bloomberg.
  24. ↑ "Mark Carney says he's begun the process of renouncing Irish, U.K. citizenship". CBC News. Retrieved March 9, 2025.

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