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Mark Carney: The Economist Who Took on Trump and Won

  Mark Carney, a former central banker, has emerged as Canada’s prime minister following a dramatic election that reshaped the political landscape. His victory was fueled by a surge of nationalism in response to U.S. President Donald Trump’s aggressive rhetoric and trade policies. Trump’s threats to annex Canada as the “51st state” and impose steep tariffs on Canadian goods galvanized voters, turning Carney’s Liberal Party from underdogs to champions of Canadian sovereignty. Carney’s campaign centered on defending Canada’s independence and rebuilding its economy to reduce reliance on the United States. His experience as governor of the Bank of Canada and the Bank of England lent credibility to his promises of economic resilience. In his victory speech, Carney declared, “President Trump is trying to break us so that America can own us. That will never, ever happen”. The election results marked a stunning comeback for the Liberals, who were initially projected to lose to the oppositi...
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Stock Markets Today: North American markets close higher



The Toronto Stock Exchange (TSX) 300 Composite Index closed at 20,290.41, up by 1.32% or 265.27 points from the previous close. The S&P/TSX 60 Index rose by 1.37% or 16.38 points to close at 1,214.77The S&P/TSX Venture Composite Index increased by 0.93% or 5.43 points to close at 588.15.

The TSX 300 Composite Index’s gain was driven by the rise in energy and financial stocks, which were up by 2.4% and 1.7%, respectively. The increase in oil prices due to the hurricane Ida’s impact on oil production in the Gulf of Mexico was one of the reasons for the rise in energy stocks. The financial sector’s rise was due to the Bank of Montreal’s announcement of a dividend increase and share buyback program.

In the US, the Dow Jones Industrial Average (DJIA) closed at 35,335.71, up by 0.37%, while the S&P 500 index closed at 4,486.23, up by 0.10% 3. The Nasdaq Composite index closed at 15,235.73, down by 0.17% .





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