Home » Former central banker Mark Carney to talk at second day of Liberal conference

Former central banker Mark Carney to talk at second day of Liberal conference

by newsking24

Cabinet ministers shall be on parade on the Liberal conference right this moment, however all eyes shall be on somebody who’s by no means overtly dipped a toe in partisan politics prior to now: Mark Carney.

The query on everybody’s thoughts is whether or not the previous central banker’s look on the conference — in dialog this night with rookie Liberal MP and conference co-chair Marci Ien — alerts an intention to lastly make the leap into politics.

For a decade, Liberals have dreamed of persuading the previous governor of the Bank of Canada to run for the celebration and, perhaps in the future, even lead it.

Carney quietly flirted with the concept of a management run in 2012, courted by Liberals smarting from a historic electoral thumping and desperately trying to find a saviour.

But amid criticism that even the smallest whiff of partisanship was undermining the independence essential to a central banker, Carney squelched the hypothesis by saying he’d simply as quickly develop into a “circus clown,” after which left Canada to take over the helm of the Bank of England.

He’s been coy about his political ambitions since returning to Canada final summer time and releasing a e-book final month selling his imaginative and prescient for a brand new form of capitalism that mixes the pursuit of revenue with social goal.

Seeing pandemic as reset alternative

Carney’s view that the COVID-19 pandemic provides a chance to reset the way in which the world works, making it extra inclusive, extra equitable and extra environmentally sustainable, dovetails with the pondering of Prime Minister Justin Trudeau’s authorities.

At a press convention this morning, Trudeau prevented responding on to questions on whether or not he’s actively recruiting Carney to run as a Liberal MP within the subsequent election.

“The Liberal Party has a long history of welcoming in expert speakers at our conventions from a range of different backgrounds,” mentioned Trudeau.

“We’re very pleased to have someone of the stature of Mark Carney, who’s been working very hard on, among other things, the intersection between the global economy and the fight against climate change.

“I do know Liberals are very excited to listen to what he has to say.”

Suzanne Cowan, president of the Liberal Party of Canada, introduces Prime Minister Justin Trudeau at a donor appreciation event in Toronto in November 2018. (Christopher Katsarov/Canadian Press)

Carney’s appearance at the convention comes little more than a week before Finance Minister Chrystia Freeland, herself seen as a potential successor to Trudeau, is to deliver her first budget. It is expected to lay out in detail the cost of the pandemic, which has already sent the national deficit soaring past $380 billion, along with a plan to spend up to $100 billion more to fuel a more equitable, green, inclusive economic recovery.

Even if Carney doesn’t come clean tonight about his political ambitions, endorsement of the government’s general direction by someone of his stature would be welcomed by Liberals.

CBC News will have coverage of the Liberal and NDP policy conventions on CBC News Network, CBC Radio’s The World at Six, The World This Weekend and World Report, The National and CBC.ca.

  • Watch special coverage on Power & Politics Friday beginning at 5 p.m. ET for convention analysis.
  • CBC News Network will have regular updates and live coverage of key events.
  • CBC.ca will have full news coverage and analysis and will livestream the conventions.
  • On Saturday, CBC Radio’s The House will deal with the Liberal and NDP coverage conventions beginning at 9 a.m. ET.
  • On Sunday, Rosemary Barton Live will ship conference information and evaluation, together with an interview with NDP Leader Jagmeet Singh starting at 10 a.m. ET. 


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