Mark Carney Falls Upward Again

The Canadian Liberal leader’s fortunes turned around when all signs had previously pointed to defeat. But will they turn back?

Share this story

Canada’s Liberal Party leadership candidate and former Bank of Canada governor Mark Carney speaks to the media after participating in an English language debate ahead of the March 9 vote to replace Prime Minister Justin Trudeau, in Montreal, Quebec, Canada, February 25, 2025.

Evan Buhler/Reuters

As often happens when I’m struggling to understand some political mystery, no amount of pondering at the computer comes to my aid. Instead, the answer suddenly hits me when I’m least able to think it through seriously. Sometimes that’s when I’m singing in the bath, or when the phone rings as I’m cooking scrambled eggs, and on this occasion it was when I was giving an unscripted talk to the Margaret Thatcher Conference on the future of conservatism, held recently in London by the Centre for Policy Studies.

A distinguished Canadian conservative on the panel had reluctantly conceded that Mark Carney, in living memory the former governor of the banks of both Canada and England — surely a loud enough alarm bell to Canadian voters, one might have thought — looked as if he would snatch away an electoral victory that had been hand-delivered to Tory leader Pierre Poilievre by Liberal Prime Minister Justin Trudeau after almost a decade of folly, failure, and misrule.

John O’Sullivan

About the Author

John O’Sullivan

John O’Sullivan is a senior fellow at National Review Institute and a contributing editor of National Review.

Comments

Advertisement

Advertisement