The received wisdom is now obsolete by the time it has been received.
So far, none of the contenders touted to replace Justin Trudeau as Liberal leader and prime minister have come forward.
That will change Thursday with the announcement in Edmonton by Mark Carney that he will reluctantly offer himself to the service of his country.
The former bank governor is likely to be self-effacing about his stated ambition but, in truth, he sees politics as a remedy for decades of frustration where, as he
says in his book Value(s), he “could see much but do relatively little.”
The truth is many, many Liberals are saying that if Carney isn’t the new leader by late March, the party will be able to hold its next convention in a bus shelter.
(Disclaimer: the author of this story is a family friend of the Carneys, but retweets are not endorsements. He remain a firm adherent of Mark Twain’s maxim: “Loyalty to country, ALWAYS. Loyalty to government, when it deserves it.”)
Carney’s
appearance on Jon Stewart’s Daily Show this week has ignited hope that the furniture can be saved under his leadership. Stewart had apparently read Value(s), and was keen to have him as a guest.
In the event, it appeared the host was more interested in lining up his next wisecrack than listening to what Carney had to say, but it provided the former governor with a platform to show a more playful side to his character.
Carney registered at least one genuine chuckle, when he talked about Canada’s antipathy to a closer relationship with the U.S. “It’s not you, it’s us,” he said.
He hinted at his leadership campaign strategy when Stewart suggested it will be difficult for any Liberal candidate, given they will be saddled with Justin Trudeau’s policies.
Carney pushed back, touting the chances of a hypothetical candidate who had not been part of the government; who had plenty of economic experience; and, who had a plan to deal with the challenges ahead.
“You’re running as an outsider?” asked Stewart.
“I am an outsider,” said Carney.
The online onslaught has already started.
Canada Proud is running an ad portraying Carney as an out-of-touch elitist: a former governor of the Bank of Canada and the Bank of England, an adviser to Trudeau and a member of the World Economic Forum.
Carney will try to convince Canadians that such broad experience is a positive.
With the threat of Donald Trump’s tariffs looming, it may not hurt to remind voters that he has experience in international crisis management. After all, in October 2008, Carney and the late Conservative finance minister Jim Flaherty
were in the U.S. Treasury Cash Room with other G7 finance ministers and central bankers when the consensus was reached to backstop the banking system with liquidity to prevent a repeat of the Great Depression.
So…in 2008, who was steering the good ship Canada again? Was it a Trudeau or the liberal party? Did the bank of Canada follow the guidelines set out for it, in an “we’re not going into debt & mass printing money” sort of guidance from…someone?
The momentum gathering behind him is such that there is speculation Chrystia Freeland, his presumed closest contender, may decide not to run after all.
Many Liberals believe the time is long overdue for their party to return to its traditional position straddling the centre of the political spectrum and that is where Carney would take them??? Seriously???
Francesco Sorbara is one of a growing number of Liberal MPs who are publicly proclaiming their support for Carney. In
a statement on X, he said Canada needs “experienced, decisive and ambitious” leadership and it is imperative for “centrist (?) Liberals … to grasp the seriousness of the moment.” ???
(Carney is so far down the carbon tax carbon neutral rabbit hole, he cannot possibly be considered anything close to centrist!)
The Canadian political landscape is changing in other ways.
It appears we are not going to have a “carbon tax election,” as Conservative leader Pierre Poilievre has been suggesting. If Carney wins, he will kill the consumer carbon tax. He said as much in an
appearance at the Senate banking committee last year, when he said, “it has served a purpose up until now”.
He reiterated his position on the Daily Show, when he said Canada has to “do our bit (on fighting climate change) but in a way that Canadians today are not paying the price.” Really? That’s what he said? That sounds more than a little out of context to somebody who’s actually watched that interview.
Carney’s position, repeated in various speeches, is that the world needs low-risk, low-cost and low-emission energy as it transitions from fossil fuels.
Carney believes Canada has low-risk and relatively low-cost oil but needs to do more work on the emissions side through technology like the
Pathways Alliance carbon capture and storage project.
While he does not support a cap on fossil fuel production, he is committed to net-zero emissions by 2050 (as are the
50 oil and gas companies who signed the decarbonization charter at COP28 in Dubai in 2023).
Yet, he remains a proponent of ESG (environment, social and governance) investing that has become an anathema to many people.