news today : Who is Mark Carney? From Education to Family – All You Need to Know About Canada’s New Prime Minister.

Mark Carney, born on March 16, 1965, in Fort Smith, Northwest Territories, Canada, is a distinguished economist and the newly appointed 24th Prime Minister of Canada. He ascended to this position following Justin Trudeau’s resignation in January 2025, marking a significant shift in Canada’s political landscape.

Harvard University: Carney earned his bachelor’s degree in Economics in 1988.

University of Oxford: He completed both his master’s (1993) and doctorate (1995) in Economics at St. Peter’s College and Nuffield College, respectively.

Bank of Canada (2008–2013): Appointed as Governor during the global financial crisis, Carney played a pivotal role in maintaining Canada’s economic stability.

Bank of England (2013–2020): As Governor, he addressed challenges such as Brexit and the early stages of the COVID-19 pandemic, ensuring financial stability during turbulent times.

In January 2025, Carney entered the political arena, winning the Liberal Party leadership with a decisive majority. He was subsequently sworn in as Prime Minister, marking the first time an individual without a traditional political background has assumed Canada’s highest office.

Carney’s administration faces several pressing issues:

Trade Relations with the U.S.: Under President Donald Trump, the U.S. has imposed tariffs on Canadian imports, threatening a trade war that could impact Canada’s economy. Carney aims to diversify trade partnerships beyond the U.S., seeking stronger ties with Europe and Asia.

Defense and Security: Carney faces pressure to meet NATO defense spending targets, with commitments to achieve the required levels by 2030, necessitating accelerated defense investments.

Domestic Policies: Addressing housing affordability and revising environmental policies, Carney has introduced a carbon tax targeting corporate polluters, aiming to balance economic growth with environmental responsibility.

François-Philippe Champagne: Appointed Finance Minister, tasked with navigating Canada’s economic challenges and fiscal policies.

Chrystia Freeland: Serving as Minister of Transport and Internal Trade, focusing on infrastructure development and trade agreements.

Carney was raised in Edmonton, Alberta, where both of his parents worked as teachers. He played hockey as a goalie for Laurier Heights and attended St. Francis Xavier High Schools .