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The 2025 Liberal Party of Canada leadership election is an ongoing election being held from February 26 to March 9, 2025. It is currently being held by members of the Liberal Party of Canada to elect a successor to Justin Trudeau following his announcement on January 6, 2025, of his intention to resign as party leader and as prime minister of Canada as soon as his successor is elected.
Mark Carney, the former governor of the Bank of Canada, officially announced his bid for the federal Liberal Party leadership in Edmonton, Canada, on Jan. 16, 2025.
The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act , it is responsible for formulating Canada's monetary policy, [ 5 ] and for the promotion of a safe and sound financial system within Canada. [ 6 ]
In 2007, Carney was named the governor of the Bank of Canada, where he was responsible for Canadian monetary policy during the global financial crisis. He led the Canadian central bank until 2013, when he was appointed as the governor of the Bank of England, where he led the U.K. central bank's response to Brexit and the early COVID-19 pandemic.
March 5, 2025 at 4:16 PM Businesses large and small are signaling they could raise prices with the onset of President Donald Trump's tariffs even if consumers can’t swallow it.
The two-day G20 meeting of finance ministers and central bankers in Cape Town failed to come up with a joint communique. ... 2025 at 9:58 AM. By Wendell Roelf, Leika Kihara and Kopano Gumbi ...
In February 2025, a poll by the Angus Reid Institute found that 91 percent of Canadians expressed a desire to decrease Canada's reliance on the U.S. as a trade partner; [73] it also showed a 10 percentage-point increase in Canadians saying they are "very proud" of and "have a deep emotional attachment" to Canada compared to December 2024. [74]
Bank of Canada Governor Tiff Macklem on Friday said adoption of artificial intelligence (AI) by businesses could add to price pressures in the short term by boosting demand, even though its full ...