Comeback Kid: Mark Carney Wins Canada Election

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 29 April 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for April 29. Former central bank governor Mark Carney leads his Liberal Party to a fourth term in office following a remarkable political turnaround. In a victory speech, Carney said Canadians were over the betrayal of Donald Trump’s tariffs, but that he was ready to negotiate with the president on new trade and security pacts. Plus, WSJ’s Stephen Wilmot says President Trump is expected to adjust planned auto tariffs so car companies aren’t hit by overlapping levies. And a new study from KPMG and the University of Melbourne finds that more people are using AI at work, despite growing distrust in the technology. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This podcast is brought to you by FTI Consulting.
0:03.5	When facing your greatest challenges and opportunities, our industry-proven experts can help you anticipate disruption and stay ahead of change.
0:12.0	FTI Consulting, experts with impact.
0:18.3	Liberal Mark Carney wins election in Canada on an agenda designed to contain fallout from President
0:25.4	Trump's trade war.
0:26.3	Our old relationship with the United States, a relationship based on steadily increasing integration,
0:33.1	is over.
0:35.0	Plus, relief in Detroit as we report President Trump plans to soften his auto tariffs.
0:41.2	And a new study sheds light on the risks and rewards of AI as it becomes firmly embedded in our lives.
0:48.4	It's Tuesday, April 29th.
0:50.4	I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,
0:55.5	the top headlines and business stories moving your world today.
1:01.7	Canada's Mark Carney has capped a dramatic electoral turnaround, holding on as the country's
1:08.2	Prime Minister after voters returned his Liberal Party to power for a fourth consecutive term.
1:14.3	Carney's party had been headed for defeat earlier this year before the former central bank chief positioned himself as the best candidate to stand up to President Trump
1:23.5	and reshape an economy dependent on U.S. demand. However, journal reporter Vipal Manga in Ottawa said the road ahead won't be easy.
1:32.7	Canada's economy has been struggling with many of the same trends that the U.S. had been rising
1:38.5	inflation, cost of living, housing shortages.
1:41.7	The problem for Canada under the Trudeau government was also falling
1:46.9	productivity and trying to find an engine for growth for an economy whose manufacturing sector
1:53.3	wasn't growing very much, had become very much reliant on a resources sector and housing market
1:58.3	to propel growth. Those engines were stalling, and it's unclear
	...

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