00:00All right we have some news coming in this morning. Former central banker Mark
00:04Carney has become Canada's next Prime Minister after the governing Liberal
00:09Party elected him its leader its leader on Sunday. With this President Donald
00:15Trump's trade war and annexation threat and a federal election looms, Carney 59
00:22replaces Prime Minister Justin Trudeau who announced his resignation in January
00:27but remains Prime Minister until his successor is sworn in in the next few
00:31days. Carney won in a landslide winning 85.9% of the vote. We'll be getting you
00:37more updates on that big story but we're talking about the announcement of the
00:42former central banker Mark Carney as the new Canadian Prime Minister as a
00:46successor to Justin Trudeau.
00:50The Canadian government has rightly retaliated and is rightly retaliating
00:55with our own tariffs that will have maximum impact in the United States and
01:00minimum impact here in Canada. My government will keep our tariffs on
01:06until the Americans show us respect.
01:12All right I'm going to go straight across to Shashank Mattu for more details
01:16on that story at this point in time. Shashank just take us to the highlights
01:20of this new appointment the former central banker is the new Prime Minister
01:24of Canada. Yeah so Mark Carney is the former governor of the Bank of Canada
01:32and the Bank of England. He's widely acknowledged to be a rock star
01:36economist that's the label that's often assigned to him. He was very much an
01:40outsider in this year's election campaign. There have been rumors swirling
01:44for several years that Mark Carney was considering a jump into electoral
01:48politics. Justin Trudeau had earlier tried to recruit him as his finance
01:53minister but Mark Carney always had his eye on becoming Prime Minister with an
01:57ambition that he has now achieved in his speech. You know he has had this unique
02:02opportunity both of replacing Justin Trudeau and distancing himself from
02:06Justin Trudeau's legacy in some ways because Trudeau has become extremely
02:10unpopular given the fact that the Liberal Party is now headed into an
02:13election. It needs to keep a majority in place and it is facing a tough challenge
02:18from the opposition Conservative Party. So Mark Carney in his victory speech used
02:23his credentials as an economist, distanced himself from a lot of
02:26proposals that have made Justin Trudeau extremely unpopular but he also promised
02:30to stand up to Donald Trump who is President of the United States and who in the
02:35minds of many Canadians is trying to bully Canada by saying that it will
02:39become America's 51st state and so on and so forth. This has given a major poll
02:43boost to Justin Trudeau and the Liberal Party and now Mark Carney has to take up
02:47that mantle and lead the party to an election victory. So definitely an
02:51outsider coming in from nowhere and has taken up the mantle of leadership of
02:56the Liberal Party and will now become Canada's Prime Minister.
02:59Alright I'm gonna thank you Shashank Mattu getting us those details and putting
03:03that important story into perspective a new appointment in Canada and the
03:07impact of fit as par as the relationship between America and Canada is concerned.
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