Canada to name a new leader while dealing with Trump trade war | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
July 14, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JULY 14, 2025
Canada to name a new leader while dealing with Trump trade war

Politics

UNB/AP
09 March, 2025, 12:35 pm
Last modified: 09 March, 2025, 12:50 pm

Related News

  • Foreign investment deal can bolster Canada-Bangladesh economic ties: Weldon Epp
  • Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
  • China, Canada commit to deeper engagement with Bangladesh on trade, humanitarian assistance
  • Canada rescinds digital services tax to advance stalled US trade talks
  • Canadian envoy calls on BNP secretary general

Canada to name a new leader while dealing with Trump trade war

Mark Carney, 59, could become the next prime minister when the governing Liberal Party of Canada announces a replacement for Justin Trudeau in a leadership vote Sunday

UNB/AP
09 March, 2025, 12:35 pm
Last modified: 09 March, 2025, 12:50 pm
Liberal Party of Canada leadership candidate Mark Carney addresses supporters in Calgary, Alberta, Tuesday, March 4, 2025. Photo: Jeff McIntosh/The Canadian Press via AP via UNB
Liberal Party of Canada leadership candidate Mark Carney addresses supporters in Calgary, Alberta, Tuesday, March 4, 2025. Photo: Jeff McIntosh/The Canadian Press via AP via UNB

Canada looks set to pick a measured former central banker to deal with the threats President Donald Trump's tariffs pose against a pillar of Western free trade.

Mark Carney, 59, could become the next prime minister when the governing Liberal Party of Canada announces a replacement for Justin Trudeau in a leadership vote Sunday.

The opposition Conservatives hoped to make the election about Trudeau, whose popularity declined as food and housing prices rose and immigration surged. Trudeau announced his resignation in January but remains prime minister until a successor is chosen. Election laws mandate a vote before October but one is expected sooner.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Trump's trade war and his talk of making Canada the 51st state have infuriated Canadians, who are booing the American anthem at NHL and NBA games. Some are cancelling trips south and many are avoiding buying American goods when they can.

The surge in Canadian nationalism has bolstered the Liberal Party's chances in Parliamentary elections that are expected within days or weeks, and Liberal showings have been improving steadily in opinion polls.

After decades of bilateral stability, the vote on Canada's next leader now is expected to focus on who is best equipped to deal with the United States.

Who is Mark Carney?

Carney navigated crises when he was the head of Canada's central bank and when he became the first non-citizen to run the Bank of England since it was founded in 1694.

His appointment won bipartisan praise in Britain after Canada recovered from the 2008 financial crisis faster than many other countries.

Carney is credited with keeping money flowing through the Canadian economy by acting quickly in cutting interest rates to their lowest level ever of 1%, working with bankers to sustain lending through the crisis and, critically, letting the public know rates would remain low so they would keep borrowing.

And it wasn't just that he had good policies — he sold them to the public in a way everyone could understand. He was the first central banker to commit to keep them at a historic low for a definite time, a step the US Federal Reserve would follow.

Carney has picked up one endorsement after another from Cabinet ministers and members of Parliament since declaring his candidacy in January.

The other top Liberal leadership candidate is former Deputy Prime Minister Chrystia Freeland. Trudeau told Freeland in December he no longer wanted her as finance minister, but that she could remain deputy prime minister and the point person for US-Canada relations. Freeland resigned shortly after, releasing a scathing letter about the government that proved to be the last straw for Trudeau.

Three points turned the leadership race into a runaway for Carney. Freeland had a long association with the unpopular Trudeau. Carney worked hard to gather support from Liberal members of Parliament members. And Trump's tariff fixation was also pivotal, said Nelson Wiseman, professor emeritus at the University of Toronto.

"Liberal backbenchers feared losing their seats and knew that Carney was more electable as their leader than Freeland," Wiseman said.

What's next for Canada?

The Liberal Party members will pick a new leader in a secret vote by about 140,000 members that will be announced on Sunday. The new leader is expected to trigger an election shortly afterward. Either the new Liberal party leader will call one, or the opposition parties in Parliament could force one with a no-confidence vote this month.

Daniel Béland, a political science professor at McGill University in Montreal, said Carney's calm demeanor and outstanding resume make him a reassuring figure to many Canadians at a time when Trump is going after their country's economy and sovereignty.

Béland said that style and profile stands in strong contrast to the Conservative Party's Pierre Poilievre, whom he called a true career politician who has embraced a populist rhetoric not unlike Trump's.

Poilievre, 45, for years the party's go-to attack dog, is a firebrand populist who says he will to put "Canada first." He attacks the mainstream media and vows to defund Canada's public broadcaster and cut taxes.

"That works with his base but that is not welcomed by other Canadians, especially considering what the US president is now saying about, and doing to, their country," Béland said.

Poilievre urged Trump on Friday stop the attacks on Canada and "the monthly melodrama that is hurting our economies on both side of the border."

Top News / World+Biz

Canada / Mark Carney

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • TBS Sketch
    Framework agreement: What experts say about US 'security concerns' regarding Bangladesh
  • Representational image. Photo: Mohammad Minhaj Uddin/TBS
    Navy-run Dry Dock takeover boosts Ctg Port container handling, daily avg up 7%
  • BNP Secretary General Mirza Fakhrul Islam Alamgir speaks at a book unveiling event in Dhaka on 13 July 2025. Photo: Collected
    Fakhrul alleges conspiracy to eliminate Tarique from politics

MOST VIEWED

  • RAB Director General AKM Shahidur Rahman speaks at the press briefing on a fake bomb threat on Biman Bangladesh flight on Saturday, 12 July 2025. Photo: TBS
    Mother faked bomb threat on Biman flight to stop married son from flying with girlfriend: RAB
  • Bangladeshi garment workers make clothing in the sewing section of a factory in Gazipur, Bangladesh, April 9, 2025. Photo: REUTERS/Mohammad Ponir Hossain/File Photo
    Some Walmart garment orders from Bangladesh on hold due to US tariff threat
  • Infographic: TBS
    Dollar price plummets by Tk2.9 in a week as demand wanes
  • From Gulf to Southeast Asia, why Bangladeshis are facing visa denials
    From Gulf to Southeast Asia, why Bangladeshis are facing visa denials
  • Bangladesh and US hold tariff talks on 11 July 2025. Photo: CA Press Wing
    Dhaka, Washington yet to agree on 20% of US tariff conditions: BGMEA
  • Energy Adviser Fouzul Kabir Khan speaking about tariff negotiations with United States on 13 July 2025. Photo: TBS
    US wants a framework agreement with Bangladesh that includes their security concerns: Fouzul

Related News

  • Foreign investment deal can bolster Canada-Bangladesh economic ties: Weldon Epp
  • Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
  • China, Canada commit to deeper engagement with Bangladesh on trade, humanitarian assistance
  • Canada rescinds digital services tax to advance stalled US trade talks
  • Canadian envoy calls on BNP secretary general

Features

Photo: Collected

Grooming gadgets: Where sleek tools meet effortless styles

13h | Brands
The 2020 Harrier's Porsche Cayenne coupe-like rear roofline, integrated LED lighting with the Modellista special bodykit all around, and a swanky front grille scream OEM Plus for the sophisticated enthusiast looking for a bigger family car that isn’t boring. PHOTO: Ahbaar Mohammad

2020 Toyota Harrier Hybrid: The Japanese Macan

1d | Wheels
The showroom was launched through a lavish event held there, and in attendance were DHS Motors’ Managing Director Nafees Khundker, CEO Imran Zaman Khan, and GMs Arman Rashid and Farhan Samad. PHOTO: Akif Hamid

GAC inaugurate flagship showroom in Dhaka

1d | Wheels
After India's visa restriction, China's Kunming is drawing Bangladeshi patients

After India's visa restriction, China's Kunming is drawing Bangladeshi patients

2d | Panorama

More Videos from TBS

When the Threat Is Inside the White House

When the Threat Is Inside the White House

7h | Others
Shooting in Pallabi: What the police are saying

Shooting in Pallabi: What the police are saying

8h | TBS Stories
News of The Day, 13 JULY 2025

News of The Day, 13 JULY 2025

11h | TBS News of the day
Countries where Bangladeshis are not getting positive responses to their visa applications

Countries where Bangladeshis are not getting positive responses to their visa applications

9h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net