The news: Canada’s Liberal Party led by Prime Minister Mark Carney secured another term after narrowly winning the election on April 28.
Why this matters: As a result of President Trump’s unprecedented tariff war, Canada’s financial sector is bracing for growing economic pressures, making Carney’s experience navigating global financial volatility especially timely as he works to stabilize cross-border trade and reinforce the country’s economic resilience.
Plus, he has advocated for reducing the world’s dependence on the US dollar and proposed alternatives such as a central bank digital currency basket—signaling a willingness to challenge norms in the financial system.