Former central bank boss becomes Canada's next leader

Newshour

BBC

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4.4 • 984 Ratings

🗓️ 10 March 2025

⏱️ 48 minutes

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Summary

Canada's next PM, former central bank governor Mark Carney, has swapped his former persona as a central bank governor for fighting talk against the US administration led by Donald Trump and the tariffs its seeking to impose on trade partners.

Mr Carney has very little political experience - he has never been elected as an MP, let alone served in a cabinet post. But as Governor of the Bank of Canada during the global financial crisis and Governor of the Bank of England during the Brexit negotiations, he has a long track record in global finance during times of economic turbulence. Can he face down the Trump administration's tariffs?

Also in the programme: Syria's defence ministry says it's ended military operations in a stronghold of its former president, with hundreds reported dead; the West's last Museum of Lenin has a name change; and we investigate North Korea's booming crypto heist industry.

(Photo shows Mark Carney smiling as he speaks after winning the race to become leader of Canada's ruling Liberal Party, in Ottawa, Ontario, Canada on 9 March 2025. Credit: Blair Gable/Reuters)

Transcript

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0:00.0	Hello and welcome to NewsHour. It's coming to you live from the BBC World Service Studios in central London. I'm Tim Franks.
0:11.1	We're beginning the programme with another moment which seems to invite us all to rub our eyes and check that what we're seeing and hearing really is what's happening.
0:19.4	We're about to play you excerpts from the acceptance
0:21.9	speech of the man who's just been elected, within his own party, to become the next prime
0:27.3	minister of Canada. He's Mark Carney, and he's expected to take over from Justin Trudeau in the
0:32.8	coming days. Mark Carney is a former central bank governor, both in Canada and in Britain, so a sober, technocratic type.
0:41.9	But listen to some of what he has had to say about Canada's closest ally, the United States,
0:47.3	with whom they are embroiled in a battle over tariffs, taxes on imports, in other words,
0:52.5	a battle begun by President Trump, part of a campaign
0:55.8	he says to turn Canada into America's 51st state. This is some of what Mark Carney had to say
1:02.4	on Sunday evening in Canada. So Donald Trump thinks, thinks he can weaken us with his plan to divide and conquer.
1:14.6	Pierre Poyev's plan will leave us divided and ready to be conquered.
1:22.6	Because a person who worships at the altar of Donald Trump will kneel before him, not stand up to him.
1:30.3	The Americans want our resources, our water, our land, our country.
1:37.3	Think about it.
1:41.3	If they succeeded, they would destroy our way of life.
1:47.0	And Canada never, ever will be part of America in any way, shape or form.
1:56.0	The Canadian government has rightly retaliated and is rightly retaliating with our own tariffs
2:02.7	that will have maximum impact in the United States and minimum impact here in Canada.
2:08.5	My government will keep our tariffs on until the Americans show us respect.
2:13.5	We didn't ask for this fight, but Canadians are always ready when someone else drops the gloves.
2:20.5	So the Americans, they should make no mistake.
	...

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