Mark Carney to succeed Justin Trudeau: Ice hockey star who helmed Bank of England | 10 facts about Canada's 24th PM

Mark Carney will succeed Justin Trudeau as Canada’s 24th prime minister after a decisive victory in the Liberal leadership race. The announcement was made by Liberal Party president Sachit Mehra on Monday. 

Written By Fareha Naaz
Updated10 Mar 2025, 10:33 AM IST
Mark Carney has been elected as the new leader of the Liberal Party and will become Canada’s 24th prime minister, succeeding Justin Trudeau.
Mark Carney has been elected as the new leader of the Liberal Party and will become Canada’s 24th prime minister, succeeding Justin Trudeau.(Bloomberg)

Mark Carney is set to succeed Justin Trudeau as the 24th prime minister of Canada after landslide victory in the Liberal leadership race. Thus, the former central banker, who has been selected as the next Liberal Party leader, will become Canada’s next prime minister. The major announcement about next Liberal Party leader was made by Liberal Party president Sachit Mehra on Monday. Here's all you need to know about Mark Carney.

10 facts about Canada's 24th PM Mark Carney

  • The 59-year-old former Goldman Sachs banker, who won the Liberal leadership vote, was born on March 16, 1965, in Fort Smith, Northwest Territories and raised in Edmonton, Alberta.

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  • In 1988, Mark Carney received a bachelor’s degree in economics from Harvard University. He pursued higher education at Oxford University, where he obtained master’s and doctoral degrees in economics. Like many Canadians, he played ice hockey, serving as a backup goalie for Harvard. 
  • Notably, the next Liberal Party leader held Canadian, UK and Irish citizenship. He made a politically motivated decision to solely choose Canadian citizenship and give up others even though it is not required by law.

Also Read | Who is Mark Carney, the next prime minister of Canada?
  • Mark Carney boasted strong leadership skills and gained momentum by convincing many Liberals, including most of Trudeau’s cabinet, suggesting that he’s the best choice to lead the country in times of crisis.
  • Mark Carney ran the Bank of England from 2013 to 2020. He became the first non-Brit to run the central bank since its inception in 1694.
  • Mark Carney, who was the front-runner to succeed Justin Trudeau as the leader of the Liberal Party, served as the chair of the Financial Stability Board from 2011 to 2018.
  • Prior to this, he served as the 8th governor of the Bank of Canada from 2008 to 2013.

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  • Before being appointed deputy governor of the Bank of Canada in 2003, Mark Carney worked for 13 years in London, Tokyo, New York and Toronto.
  • The former Goldman Sachs executive gained recognition when he helped Canada circumvent one of its most catastrophic outcomes during the 2008 financial crisis.
  • Mark Carney's wife Diana is British-born and has four daughters.

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