Former Bank of Canada Governor Mark Carney to join Liberal Party as special adviser
Former Bank of Canada Governor Mark Carney will be joining the Liberal Party as a special adviser.
In an official press release on Monday, the party says Carney will serve as the chair of a leader鈥檚 task force on economic growth.
鈥淎s chair of the leader鈥檚 task force on economic growth, Mark鈥檚 unique ideas and perspectives will play a vital role in shaping the next steps in our plan to continue to grow our economy and strengthen the middle class, and to urgently seize new opportunities for Canadian jobs and prosperity in a fast-changing world,鈥 Prime Minister Justin Trudeau said in a statement.
This summer, Trudeau with Carney about the possibility of joining the Liberal government.
"I have been talking with Mark Carney for years now about getting him to join federal politics," Trudeau told reporters in July. "He would be an outstanding addition at a time when Canadians need good people to step up in politics."
Carney is scheduled to attend the in Nanaimo, B.C. on Tuesday to speak to MPs about the economy. Some members of the party say they are looking forward to meeting with him.
"I think it's going to be very helpful to have a perspective that's from outside of politics, that is someone that is esteemed in the space of economic leadership," Indigenous Services minister Patty Hajdu said Monday following the announcement.
Speaking to reporters in Nanaimo on Monday, Conservative House Leader Andrew Scheer responded to the news saying the appointment is "just a smoke and mirrors gimmick."
"At the end of the day, Mark 'carbon tax' Carney loves the same policies that Justin Trudeau has imposed on Canadians,鈥 Scheer said. 鈥淭hey're basically the same people. Out of touch elites that believe that they know better than hardworking Canadians.鈥
The former central bank governor 鈥 who now works as the head of transition investing for Brookfield Asset Management, and as a United Nations special envoy on climate action and finance 鈥 has fielded rumours for years that he's after Trudeau's job.
He's thrown cold water on the speculation several times, however, insisting he supports the prime minister. He told CTV's Question Period host Vassy Kapelos in an interview in January that Trudeau will still be the Liberal leader going into the next federal election, currently slated for October 2025.
Kapelos also asked whether his ideas about the kinds of policies the federal government could pursue means he may be interested in a cabinet position in the Trudeau government.
"Well, look, you don't just hand out positions as cabinet ministers, but you do out hand out gratuitous advice, which is what I've been doing," he said at the time. "And look, I care. This is my country, I care deeply about it."
A former executive at Goldman Sachs, Carney was appointed governor of the Bank of Canada in 2008, amid the global financial crisis.
He remains the second-youngest Bank of Canada governor in history.
By that time, he had also done a brief stint as the central bank's deputy governor and with the federal government's finance department.
By 2009, while lauding Canada for how well it weathered the prior year's financial crisis compared to other countries, Carney pushed for others to follow suit, and called for widespread reforms to the world's financial system.
Carney would later be largely credited for helping steer Canada through the global crisis.
During his tenure as Canada's central banker, Carney also took on several high-profile appointments, including chair of the Committee on the Global Financial System, and head of the Financial Stability Board for the G20.
He was also named one of the world's 25 most influential leaders by Time magazine in 2010 鈥 the only central banker on the list otherwise occupied by figures such as former U.S. President Barack Obama 鈥 and became well-known in central banking.
Carney's five-year term as governor of the Bank of Canada ended on June 1, 2013, and a month later, he took on the same role at the Bank of England, becoming the first foreigner to be named governor of that institution in its more than three-century-long history.
Carney 鈥 an officer of the Order of Canada since 2014 鈥 later agreed to stay on at the helm of the Bank of England for two extra years, to help ease the Brexit transition.
Around the same time, in August 2020, Trudeau tapped Carney to serve as an "informal adviser" on the government's pandemic recovery plan.
April 2021 marked Carney's official coming out as a card-carrying Liberal, delivering a keynote speech praising many of the party's policies, and ratcheting up the speculation he was considering getting his name on a ballot.
Following the speech, Nanos Research chair Nik Nanos told 愛污传媒 Trend Line that Carney would add "a lot of credibility on the fiscal front to the Liberals," while also being "a significant target for the Conservatives."
Carney earned his bachelor's in economics from Harvard University, before pursuing his master's and doctorate from Oxford University, also in economics.
With files from 愛污传媒' Rachel Aiello.
IN DEPTH
Jagmeet Singh pulls NDP out of deal with Trudeau Liberals, takes aim at Poilievre Conservatives
NDP Leader Jagmeet Singh has pulled his party out of the supply-and-confidence agreement that had been helping keep Prime Minister Justin Trudeau's minority Liberals in power.
'Not the result we wanted': Trudeau responds after surprise Conservative byelection win in Liberal stronghold
Conservative candidate Don Stewart winning the closely-watched Toronto-St. Paul's federal byelection, and delivering a stunning upset to Justin Trudeau's candidate Leslie Church in the long-time Liberal riding, has sent political shockwaves through both parties.
'We will go with the majority': Liberals slammed by opposition over proposal to delay next election
The federal Liberal government learned Friday it might have to retreat on a proposal within its electoral reform legislation to delay the next vote by one week, after all opposition parties came out to say they can't support it.
Budget 2024 prioritizes housing while taxing highest earners, deficit projected at $39.8B
In an effort to level the playing field for young people, in the 2024 federal budget, the government is targeting Canada's highest earners with new taxes in order to help offset billions in new spending to enhance the country's housing supply and social supports.
'One of the greatest': Former prime minister Brian Mulroney commemorated at state funeral
Prominent Canadians, political leaders, and family members remembered former prime minister and Progressive Conservative titan Brian Mulroney as an ambitious and compassionate nation-builder at his state funeral on Saturday.
Opinion
opinion Don Martin: Gusher of Liberal spending won't put out the fire in this dumpster
A Hail Mary rehash of the greatest hits from the Trudeau government鈥檚 three-week travelling pony-show, the 2024 federal budget takes aim at reversing the party鈥檚 popularity plunge in the under-40 set, writes political columnist Don Martin. But will it work before the next election?
opinion Don Martin: The doctor Trudeau dumped has a prescription for better health care
Political columnist Don Martin sat down with former federal health minister Jane Philpott, who's on a crusade to help fix Canada's broken health care system, and who declined to take any shots at the prime minister who dumped her from caucus.
opinion Don Martin: Trudeau's seeking shelter from the housing storm he helped create
While Justin Trudeau's recent housing announcements are generally drawing praise from experts, political columnist Don Martin argues there shouldn鈥檛 be any standing ovations for a prime minister who helped caused the problem in the first place.
opinion Don Martin: Poilievre has the field to himself as he races across the country to big crowds
It came to pass on Thursday evening that the confidentially predictable failure of the Official Opposition non-confidence motion went down with 204 Liberal, BQ and NDP nays to 116 Conservative yeas. But forcing Canada into a federal election campaign was never the point.
opinion Don Martin: How a beer break may have doomed the carbon tax hike
When the Liberal government chopped a planned beer excise tax hike to two per cent from 4.5 per cent and froze future increases until after the next election, says political columnist Don Martin, it almost guaranteed a similar carbon tax move in the offing.
CTVNews.ca Top Stories
A former Alberta teacher has been sentenced to four years for sexually abusing a student.
Ontario will not allow international students in medical schools beginning in the fall of 2026, and will also cover tuition for more than 1,000 students who commit to becoming a family doctor in Ontario, Premier Doug Ford said Friday.
Here's a look at Musk's contact with Putin and why it matters
Elon Musk, the billionaire owner of major government contractor SpaceX and a key ally of Republican presidential nominee Donald Trump, has been in regular contact with Russian President Vladimir Putin for the last two years, The Wall Street Journal reported.
DEVELOPING Four arrested in Poland over alleged plot to send explosives via courier to Canada, U.S.
Polish authorities have arrested four individuals they allege planned to send parcels containing camouflaged explosives and dangerous materials to Canada and the United States, according to Poland鈥檚 government website.
DNA tests identify 19th-century teenager's skull found in Illinois home's wall
Investigators have determined that a skull discovered in the wall of an Illinois home in 1978 was that of an Indiana teenager who died more than 150 years ago, authorities announced Thursday.
Mother sues AI chatbot company Character.AI, Google over son's suicide
A Florida mother has sued artificial intelligence chatbot startup Character.AI, accusing it of causing her 14-year-old son's suicide in February and saying he became addicted to the company's service and deeply attached to a chatbot it created.
Mom and child jumped from a window to escape a Las Vegas fire that killed 2 children and 2 adults
Two adults and two children were found dead in the charred rubble of a house fire after a mother and another child jumped from a third-floor window to escape flames in a southwest Las Vegas neighborhood, authorities said.
'Well-man' remains found at a castle have been linked to an 800-year-old Norse saga
Researchers have connected the identity of skeletal remains found in a well at Norway鈥檚 Sverresborg castle to a passage in a centuries-old Norse text.
A Montreal man is charged with first-degree murder in connection to the stabbing death of a woman at a park in Ottawa鈥檚 south end on Thursday.
Local Spotlight
A new resident at a Manitoba animal rescue has waddled her way into people's hearts.
Hundreds of people ran to the music of German composer and pianist Beethoven Wednesday night in a unique race in Halifax.
He is a familiar face to residents of a neighbourhood just west of Roncesvalles Avenue.
A meteor lit up our region's sky last night 鈥 with a large fireball shooting across the horizon over Lake Erie at around 7:00 p.m.
Residents of Ottawa's Rideauview neighbourhood say an aggressive wild turkey has become a problem.
A man who lost his life while trying to rescue people from floodwaters, and a 13-year-old boy who saved his family from a dog attack, are among the Nova Scotians who received a medal for bravery Tuesday.
A newly minted Winnipegger is hoping a world record attempt will help bring awareness for the need for more pump track facilities in the city.
A Springfield, Ont. man is being hailed a 'hero' after running into his burning home to save his two infant children.
Hortense Anglin was the oldest graduate to make her way across the platform at York University's Fall Convocation ceremony this week. At the age of 87, she graduated with an Honours degree in Religious Studies.