A career central banker (Bank of Canada 2008-2013, Bank of England 2013-2020) with no prior elected office, Carney won the Liberal leadership on 9 March 2025 with 85.9% of the vote after Justin Trudeau's resignation, and was sworn in as prime minister on 14 March 2025. Running against the backdrop of Trump's tariff threats and talk of annexing Canada, he called a snap election for 28 April 2025 and retained power with nearly 44% of the vote, a turnaround analysts described as having little precedent in Canadian political history.

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