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Mark Carney sworn in as Canadian prime minister amid US trade war

ICYMI: Former Bank of Canada and Bank of England governor becomes 24th PM and expected to call election soon

Mark Carney has been sworn in as Canada’s 24th prime minister, capping a sudden rise to power for the former governor of the Bank of Canada and the Bank of England.

Less than a week ago, Carney beat the former finance minister Chrystia Freeland, the former government house leader Karina Gould and the former member of parliament Frank Baylis with a dominant 85.9% of the vote, in a closely watched leadership race. He has no prior elected experience and does not have a seat in the House of Commons, making him a rarity in Canadian history. Continue reading…
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Carney’s first foreign visit as PM will be to U.K., France

Carney says he was invited by French President Emmanuel Macron and British Prime Minister Keir Starmer for visits to reinforce historical relationships and discuss trade.
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Hudson’s Bay plans ‘immediate’ liquidation of entire business

In a late Friday announcement, Canada’s oldest company said it couldn’t secure the necessary financing to keep at least some of its empire alive.
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Unrelated avalanches in Alberta backcountry leave 2 skiers dead

Two skiers are dead after separate avalanches in the Alberta backcountry, according to officials.
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‘Trump tariffs are reshaping our politics’: Canadians on their election

Voters reflect on their priorities and mood shifts in their communities before a crucial contest

When the Canadian prime minister, Justin Trudeau, resigned in early January, after months of pressure to quit, the approval ratings of the progressive firebrand had dropped from their peak of 65% in September 2016 to 22%.

At the end of last year, the Conservative leader, Pierre Poilievre, described by many as “Trump Lite”, was the clear favourite to win Canada’s next general election, and the top pick of 45% of Canadians for prime minister. At the time, the three biggest issues for voters were all economic: reducing the cost of everyday items, inflation and interest rates, and access to affordable housing. Continue reading…
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