Mark Carney in the context of "2025 Canadian federal election"

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⭐ Core Definition: Mark Carney

Mark Joseph Carney (born March 16, 1965) is a Canadian politician and economist who has been serving as the 24th prime minister of Canada since 2025. He has also been leader of the Liberal Party and the member of Parliament (MP) for Nepean since 2025. He previously was Governor of the Bank of Canada from 2008 to 2013 and Governor of the Bank of England from 2013 to 2020.

Carney was born in Fort Smith, Northwest Territories, and raised in Edmonton, Alberta. He graduated with a bachelor's degree in economics from Harvard University in 1987. He then studied at the University of Oxford, where he earned a master's degree in 1993 and a doctorate in 1995, both in economics. He pursued a career at the investment bank Goldman Sachs before joining the Bank of Canada as a deputy governor in 2003. In 2004, he was recruited to the Department of Finance Canada as a senior associate deputy minister. From 2008 to 2013, Carney served as the eighth governor of the Bank of Canada, overseeing Canadian monetary policy during the 2008 global financial crisis. In 2011, he was appointed as chair of the Financial Stability Board, a position which he held for two terms until 2018. Following his term as Governor of the Bank of Canada, Carney was appointed as the 120th governor of the Bank of England, becoming the first non-British citizen to be appointed to the role. He served from 2013 to 2020, leading the British central bank's responses to Brexit and the onset of the COVID-19 pandemic.

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👉 Mark Carney in the context of 2025 Canadian federal election

The 2025 Canadian federal election was held on April 28 to elect members of the House of Commons to the 45th Canadian Parliament. Governor General Mary Simon issued the writs of election on March 23, 2025, after Prime Minister Mark Carney advised her to dissolve Parliament. This was the first election to use a new 343-seat electoral map based on the 2021 census. Key issues of the election campaign included the cost of living, housing, crime, and newly imposed tariffs and threats of annexation from Donald Trump, the president of the United States.

The Liberal Party won a fourth term, emerging with a minority government for a third consecutive election; it also marked the first time they won the popular vote since 2015, doing so with the highest vote share for any party in a federal election since 1984, and their own highest vote share since 1980. The party's victory came after a substantial rebound in the polls, noted as being "one of the widest on record in any democracy". The election also saw the highest turnout since 1993, with 69.5% of Canada's 28 million eligible voters casting a ballot.

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Mark Carney in the context of Government of Canada

The Government of Canada (French: gouvernement du Canada), formally His Majesty's Government (French: Gouvernement de Sa Majesté), is the body responsible for the federal administration of Canada. The term Government of Canada refers specifically to the executive, which includes ministers of the Crown (together in the Cabinet) and the federal civil service (whom the Cabinet direct); it is corporately branded as the Government of Canada. There are over 100 departments and agencies, as well as over 300,000 persons employed in the Government of Canada. These institutions carry out the programs and enforce the laws established by the Parliament of Canada.

The federal government's organization and structure was established at Confederation, through the Constitution Act, 1867, wherein the Canadian Crown acts as the core, or "the most basic building block", of its Westminster-style parliamentary democracy. The monarch, King Charles III is head of state and is personally represented by a governor general (currently Mary Simon). The prime minister (currently Mark Carney) is the head of government, who is invited by the Crown to form a government after securing the confidence of the House of Commons, which is typically determined through the election of enough members of a single political party in a federal election to provide a majority of seats in Parliament, forming a governing party. Further elements of governance are outlined in the rest of the Canadian constitution, which includes written statutes in addition to court rulings and unwritten conventions developed over centuries.

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Mark Carney in the context of Cabinet of Canada

The Canadian Ministry (French: Conseil des ministres), colloquially referred to as the Cabinet of Canada (French: Cabinet du Canada), is a body of ministers of the Crown that, along with the Canadian monarch, and within the tenets of the Westminster system, forms the government of Canada. Chaired by the prime minister, the Cabinet is part of and acts on behalf of the King's Privy Council for Canada and the senior echelon of the Ministry, the membership of the Cabinet and Ministry often being co-terminal; as of March 2025 there were no members of the latter who were not also members of the former.

For practical reasons, the Cabinet is informally referred to either in relation to the prime minister in charge of it or the number of ministries since Confederation. The current Cabinet is the Cabinet of Mark Carney, which is part of the 30th Ministry. The interchangeable use of the terms cabinet and ministry is a subtle inaccuracy that can cause confusion.

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Mark Carney in the context of 30th Canadian Ministry

The Thirtieth Canadian Ministry or the Carney Ministry is the ministry currently in office led by Prime Minister Mark Carney. It was formed on March 14, 2025 following the resignation of former Prime Minister Justin Trudeau and Carney's victory in the Liberal leadership contest over former Deputy Prime Minister Chrystia Freeland. Initially, Carney reduced the size of the Cabinet from 37 ministers under Trudeau, to 24 ministers including himself. Following the 2025 federal election that returned the Liberals as a minority government, Carney revamped his Cabinet on May 13 with 29 ministers including himself, and appointed a further 10 secretaries of state, reviving a non-Cabinet ministerial rank used throughout the Chrétien Ministry and briefly during the Harper Ministry.

The 29th Canadian Ministry of Justin Trudeau had started a tradition of gender parity with an equal number of male and female ministers excluding the prime minister. The brief first Carney Cabinet from March to May 2025 had slightly more male than female ministers, but an equal number of male and female ministers excluding the prime minister was reinstituted in the post-election Cabinet in May.

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Mark Carney in the context of Leader of the Liberal Party of Canada

The leader of the Liberal Party of Canada (French: chef du parti libéral) is the highest political office of the Liberal Party of Canada. The holder of the office is the formal political head of the party as a political organization and its parliamentary caucus in Canada's House of Commons, with specific authority to "speak for the party concerning any political issue".

The current leader is Mark Carney, the current Prime Minister of Canada. He is the 14th permanent leader. He succeeded former Prime Minister Justin Trudeau as party leader on March 9, 2025, following his victory in the party's leadership election, and succeeded Trudeau as Prime Minister five days later. Given that the Liberal Party has been one of the two principal contenders for power for most of Canada's history, most of the past holders of this office had served as prime minister.

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Mark Carney in the context of Nepean (federal electoral district)

Nepean is a federal electoral district in Ontario, Canada that was represented in the House of Commons of Canada from 1988 to 1997, and was reinstated during the 2012 electoral redistribution. The riding has been represented by Mark Carney, Leader of the Liberal Party and Prime Minister of Canada, since 2025.

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Mark Carney in the context of Liberal Party of Canada

The Liberal Party of Canada (LPC; French: Parti libéral du Canada, PLC) is a national political party in Canada and has been the governing party at the federal level since 2015. It has been one of the primary contenders for power for much of Canada's history, leading the national government for close to 60% of time. Mark Carney has been its leader and the Prime Minister of Canada since March 2025.

The Liberal Party espouses the principles of liberalism, and generally sits at the centre to centre-left of the Canadian political spectrum, with their main rival, the Conservative Party, positioned to their right and the New Democratic Party positioned to their left. The party is often described as a "big tent", practising "brokerage politics", attracting support from a broad spectrum of voters. The Liberal Party is the oldest currently active federal political party in the country, and has dominated the federal politics of Canada for much of its history. As a result, it has sometimes been referred to as Canada's "natural governing party".

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