Mark Carney

Profile Overview

Mark Joseph Carney (born March 16, 1965) is a Canadian politician and economist who is the 24th prime minister of Canada and leader of the Liberal Party, serving since 2025. Carney is the member of Parliament (MP) for Nepean since his election in April 2025. He was previously Governor of the Bank of Canada from 2008 to 2013 and Governor of the Bank of England from 2013 to 2020.
Carney was born in Fort Smith, Northwest Territories, and raised in Edmonton, Alberta. He graduated with a bachelor's degree in economics from Harvard University in 1987, and earned a master's degree in 1993 and a doctorate in 1995 from the University of Oxford, both in economics. Carney worked at Goldman Sachs for 13 years before joining the Bank of Canada in 2003 as a deputy governor. In 2004, he joined the Department of Finance Canada as a senior associate deputy minister. Carney served as the eighth governor of the Bank of Canada from 2008 to 2013. As governor, he oversaw Canadian monetary policy during the 2008 global financial crisis. He was appointed as the second chair of the Financial Stability Board in 2011, serving for two terms until 2018. After his term as Governor of the Bank of Canada, Carney was appointed as the 120th governor of the Bank of England, becoming the first non-British incumbent. He served from 2013 to 2020, leading the central bank's responses to Brexit and the early phase of the COVID-19 pandemic.
Following his governorship, Carney held several roles in the private and public sectors. He served as chair of Bloomberg L.P., vice-chair at Brookfield Asset Management, and co-chair of the World Bank's private sector investment lab. He was the United Nations Secretary-General's Special Envoy on Climate Action and Finance from 2020. He was an informal advisor to Canadian prime minister Justin Trudeau at the beginning of the COVID-19 pandemic, before returning to the private sector. After Trudeau announced his resignation in 2025, Carney won the Liberal Party leadership election in a landslide victory. The first prime minister never to have held elected office, Carney then advised the governor general to dissolve Parliament and trigger a federal election. In that election, he led the Liberals to a minority government—overturning previous poor opinion polling to win the party's fourth consecutive mandate since 2015—and was elected to represent the riding of Nepean in the House of Commons. A year later, Carney's Liberals formed a majority government as a result of opposition MPs crossing the floor and by-election victories.
During his tenure as prime minister, Carney removed the federal consumer carbon tax, enacted the One Canadian Economy Act in response to a trade war started by the United States, launched the Build Canada Homes agency, and introduced the Canada Groceries and Essentials Benefit. Carney's government oversaw a sharp increase in defence spending, formally recognized the State of Palestine, improved relations with China and with India, and has continued support for Ukraine in the Russo-Ukrainian war. Carney is ideologically characterized as a centrist, technocrat, and a Blue Grit Liberal; as prime minister, he has moved the Liberals towards the political centre.