Former Bank of England Governor Mark Carney Is Canada's New Prime Minister

The Liberal Party of Canada has announced Canada's new prime minister is Mark Carney, a former central banker and Bitcoin critic with plans to fight back against the US' recently introduced tariffs.

The Liberal Party of Canada announced on March 9 that former central banker Mark Carney has won the country’s prime minister role in a landslide vote.

Carney, 58, had been tipped as the frontrunner to succeed Justin Trudeau, who held the position for over seven years.

Serving as governor of the Bank of Canada between 2008 and 2013, Carney crossed the Atlantic Ocean to become governor of the Bank of England. He had begun the process of renouncing his UK and Irish citizenships, local media reported on March 1.

He has opposed Bitcoin (BTC) since at least March 2, 2018, when he said Bitcoin’s fixed-supply cap results in “serious deficiencies.”

“The fixed supply of Bitcoin has fed a global speculative mania that has encouraged a proliferation of new cryptocurrencies,” Carney said during his speech on the future of money while serving as governor at England’s top bank.

Carney also said Bitcoin and cryptocurrencies had proven to be “poor short-term stores of value.”

In the same paper, Carney championed central bank digital currencies, stating that they could expand banking access to more individuals and businesses while suggesting it could help central banks “fight terrorism and economic crime.”

However, Carney was also a board member at payments processor firm Stripe from February 2021 to January 2025. During that time, Stripe implemented a range of crypto payment solutions between 2022 and 2024.

Carney’s negative views on Bitcoin and crypto appear to be even stronger than Trudeau’s, who once described opposition leader Pierre Pollievere’s pro-crypto platform as “reckless.”

“Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership,” Trudeau said in September 2022.

Carney plans to fight back at Trump over tariffs

In his March 9 victory speech, Carney called out US President Donald Trump for “attacking Canadian families” and attempting to weaken Canada’s economy through tariffs.

“Donald Trump has put unjustified tariffs on what we build, sell and how we make a living,” Carney said.

The Canadian government has “rightly retaliated” with tariffs, which Carney said will remain in place until “the Americans show us respect.”Mark Carney speaking at his March 9 victory speech. Source: Cable Public Affairs Channel

He added that Canada “will never be part of America in any way, shape, or form” — another comment in response to Trump’s aspiration to make Canada the 51st US state.