U.S. inflation data for February will be the highlight among economic data in the week ahead as investors continue to follow the back-and-forth of announcements on tariffs.
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Candidates to Replace Canada's Trudeau Focus on Trump
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Trudeau not willing to lift Canada's retaliatory tariffs if Trump leaves some tariffs on Canada
Trump tariffs will lead to easier Bank of Canada policy
Similar action on the EU will have smaller direct economic effects but be no less worrying for ECB rate-setters
Canada's main stock index fell on Thursday to a near six-week low as escalating global trade tensions fueled risk-aversion and despite stronger-than-expected earnings from three of Canada's big-five banks.
Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remains prime minister until his successor is sworn in in the coming days. Carney navigated crises when he was the head of the Bank of Canada and when in 2013 he became the first noncitizen to run the Bank of England since it was founded in 1694.
Bigger unknowns now hang over the former Bank of Canada and Bank of England governor: can he save the Liberal party from electoral annihilation, and can he negotiate a trade truce with Donald Trump? Polls show the Liberals narrowing the gap with the opposition Conservatives to 8 points with Carney at the helm.
Politics Ex-central banker Mark Carney to become Canada’s next prime minister after Liberals elect him leader Carney navigated crises when he was the head of the Bank of Canada
The governor of the Bank of Canada was under scrutiny. For weeks, press reports had tied Mark Carney to a potential run for the country’s Liberal Party, which was looking for a new leader.
Carney, a former governor of the Bank of Canada and the Bank of England, won in convincing fashion, securing 85.9% of the vote.
Mark Carney, who was governor of Bank of Canada and Bank of England, is front-runner after Trudeau announced plans to resign in January Voting closed on Sunday in the race to lead Canada's Liberal Party,
Former central banker Mark Carney will become Canada’s next prime minister after a Liberal Party leadership vote in a landslide. Carney is 59. Carney ran the Bank of Canada from 2008 to 2013 and the Bank of England from 2013 to 2020.
Carney will succeed Justin Trudeau, who has led the country since November 2015. Carney, who has never held elected office, has served as governor of the Bank of Canada and the Bank of England. In winning the party vote,
Canada's Liberal Party leadership candidates, former House leader Karina Gould shakes hands with former Bank of Canada governor Mark Carney, near former Liberal MP Frank Baylis, and former Deputy Prime Minister and Finance Minister Chrystia Freeland,
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