Mark Carney, crisis-fighting central banker, to lead Canada through U.S. trade war

Maybe he make the US a province of Canada

Definitely knows the economy better than Trudeau and much more moderate, so overall a win for Canada!

They are worried about the US invading, but happily put the central bankers in charge?

Maybe he make the US a province of Canada

With what money and with what military?

Congratulations to our Canadian neighbors and friends...for selecting a competent statesman and visionary as their leader...

We here in the US will be stuck with our Demented Dimwit and convicted felon for a few more months before he self-implodes and his hauled off to the "home"...

His Wiki page shows, Citizenship Canada - United Kingdom - Ireland. How can he become Prime Minister if he was not elected as a member of parliament?

Bass4,lots of American are psychological gullible,they believe Trump,they believe anything

It's good news for Canada, as Trump surely respects Carney a whole lot more. Expect some serious deal-making in the weeks and months ahead. Why?

Nobody in their right mind believes Canadian Dairy and Timber should have triple digit tariffs with a free 'pass' into US markets.

His Wiki page shows, Citizenship Canada - United Kingdom - Ireland.

He is renouncing his UK and Irish citizenship.

How can he become Prime Minister if he was not elected as a member of parliament?

Membership in the House of Commons is not a pre-requisite to becoming Prime Minister. It goes to the person who is most likely to command the confidence of the majority of house members. By necessity this means either the leader of the party with the most seats, or the leader of a party that is able to form a coalition. The party leader is usually a sitting House member but does not have to be and there are several historical precedents.

bass4funkToday  09:21 am JST

Maybe he make the US a province of Canada

With what money and with what military?

So the US does so why not make Canada part of the US now. Quit blabbing rhetoric and do it then. All talk no action.

His credentials and achievements alone makes Trump look like the baby born with a silver spoon that he is. It's like a university professor compared to a 15yrs old high school student.

I know very little about Canadian politics, but anyone who starts off with a statement like "we will maintain our tariffs until the Americans show us respect" is off to a good start in my book.

Course that means until Trump either quits, is impeached and removed, or does us all a favour and drops dead, because the only person Trump "respects" in any sense of the word is sitting somewhere in Russia, figuratively pulling Trump's strings.

lots of American are psychological gullible,they believe Trump,they believe anything

So far everything he promised on the campaign trail, he did, wouldn’t call it gullible.

Carney had to talk tough to get the position, now he'll tack to the 'middle'. Pretty safe bet he'll be lowering tariffs and finding compromise with DJT soon.

DJT not taking orders from anyone, just Common Sense, Canada and Carney fully understand they're the junior partners

So far everything he promised on the campaign trail, he did, wouldn’t call it gullible.

End the war as President elect? Lower food prices?

Oh, not those ones right?

Biggest mass deportation in US history? Not that one either.

Carney is clear eyed about US economy and DJT's massive challenges to clean things up. Especially mess left in DC with historically large Govt. deficits, draining the Swamp via DOGE Govt. cuts, ending wars, and stopping the migrant invasion etc. = Not Easy Stuff.

Layer on above DJT reciprocal trade policy, concerns over China shared by Canada etc. Complicated time, but one Carney can manage given his vast experience.

Besides, US voters optimistic, finally real leadership in 1600 after 4year vacuum, Carney probably feels the same.

This morning (Japan timezone), I listened the some of his speech just after listening his daughter's speech. 

I listened it through the radio, CJAD 800. 

I was interested in his mixed speech in English and in French. Is it usual in Canadian national speech?

The French part was simultaneously translated to English and I couldn't recognize the original French words because it's the radio! (And also, I couldn't hear each of its beginning of the English parts just after the French parts because the translator still speaking. I understand it's unavoidable, it's a kind of impossible to broadcast that kind of mixed-language speeches through a radio!).

Does anyone find a transcription of the speech that includes both English and French just as he spoke ( I mean, no translation.)

End the war as President elect? Lower food prices?

Coming soon

Oh, not those ones right?

Yup, those.

Biggest mass deportation in US history? Not that one either.

Since the start, quite significant, more to come.

HopeSpringsEternalToday  12:10 pm JST

Carney had to talk tough to get the position, now he'll tack to the 'middle'. Pretty safe bet he'll be lowering tariffs and finding compromise with DJT soon.

DJT not taking orders from anyone, just Common Sense, Canada and Carney fully understand they're the junior partners

Trade agreements are negotiated between two countries not imposed by one country to another. US trade negotiators agreed to NAFTA and other trade agreements with Canada. Nothing was forced on them. But the way Trump blabs is accusing Canada of taking advantage of the US which is complete hogwash yet the typical suspect Trump supporters believe it because they're dumb as rocks.. Most of the US' problems are completely self inflicted. He's just using the tired approach of blaming others with no evidence when he and Americans should be looking in the mirror at their own problems that they themselves have created.

Coming soon

oh. So when you posted 30 minutes ago “So far everything he promised on the campaign trail, he did” you were mistaken.

oh. So when you posted 30 minutes ago “So far everything he promised on the campaign trail, he did” you were mistaken.

No

Everyone on JT should know that the USMCA trade agreement has provisions that allow for legal revisions to the agreement, revisions DJT intends to pursue.

Mr. Carney understands the original USMCA trade agreement needs to be modernized, based on the data and trading patterns observed to date and that the provisions of the USMCA will be thus updated, much related to outside countries trying to 'arbitrage' tariffs.

Excellent. Negotiate future changes while adhering to the legally binding treaty now.

Everyone on JT should know that the USMCA trade agreement has provisions that allow for legal revisions to the agreement, revisions DJT intends to pursue.

DJT has signaled to the world, that reciprocal/matching tariffs will go into effect 2 April. He's not going to wait for endless bilateral trade negotiations but rather use these tariffs to expedite pressure on countries to act swiftly.

Many countries will lower tariffs, while others will not and simply move their production to the US. Finally, some will choose to just pay the tariffs but will be put at a competitive disadvantage in doing so. Case by case.

Finally, DJT is encouraging companies to re-shore to the US thru tax and regulatory incentives, along with cheap energy and talented workforce etc.

Regarding Canada and Carney, let's wait and see!

Definitely knows the economy better than Trudeau and much more moderate, so overall a win for Canada!

Sounds like a reasonable choice after Justin.

Some dudeToday  11:54 am JST the only person Trump "respects" in any sense of the word is sitting somewhere in Russia, figuratively pulling Trump's strings.

Proof of this Trump Russia figurative strings conspiracy theory would be just lovely.

We'll wait, thanks.

There was a Financial Times report late last week that alleged that Brookfield, under Carney has been cooking their books by selling real estate to themselves at inflated prices to make it seem like their assets are higher value.

He is promising to do something similar with the Canadian budget; splitting it in 2, so it looks like the budget is balanced but the debt is hidden.

This WEF global elitist is bad news for Canada.

The overriding conclusion for Donald Trump administration, is Carney failure, more refusal to realise that such opposing political ideologies need to compromise.

He (Carney) argues Canada must fight Trump's tariffs with dollar for dollar retaliation and diversify trading relations in the medium term.

A suggestion, in so called Carney own words....

"I know how to manage crises ... in a situation like this, you need experience in terms of crisis management, you need negotiating skills"

Is simply illogical anger, irrational.intent.

Go find the FT story. It says that Brookfield has lossmaking real estate portfolio, including London's Canary Wharf and New York’s One Liberty Plaza and alleges Brookfield has been selling loss making real estate to its wholly owned insurer arms that are stuck holding $7.7 billion in inflated real estate affiliated assets that Brokkfield pawned off on insurance policy holders who are now stuck holding a bag full of doo doo.

Carney loves Canada so much he moved the head office of Brookfield from Canada to New York.

So far everything he promised on the campaign trail, he did, wouldn’t call it gullible.

This use of blatant lying as a psychological mechanism is actually quite intruiging.

Mike Johnson went on some TV show a while ago and flat out said that Biden caused a bad economy.

It's as if you can now literally just decide that the truth is whatever you say it is.

More useful data for scholars of cults.

proxyToday  01:28 pm JST

There was a Financial Times report late last week that alleged that Brookfield, under Carney has been cooking their books by selling real estate to themselves at inflated prices to make it seem like their assets are higher value.

He is promising to do something similar with the Canadian budget; splitting it in 2, so it looks like the budget is balanced but the debt is hidden.

This WEF global elitist is bad news for Canada.

Unclear Carney will stay in power, Canada like most other countries shifting right. But an upgrade over Justin from DJT's standpoint, someone focused on substance.

Carney reminds me of Musk, only a political version, busy hopping around the world and ultimately drawn to the gravitational "power" of the US.

Suspect DJT can do business with him.

@HopeSpringsEternal

A bag of hammers would be an upgrade from Trudeau. Canadians are impoverished after 10 years of Trudeau with a GDP/capita now as low as Alabama. Carney could be worse than Trudeau. He promised, during the leadership show to put tariffs on goods coming from countries that do not have a national carbon tax; i.e. he promised to put tariffs on everything from the US. This was a big policy announcement before Trump started the tariff war with Canada. There would be no policy more foolish that to put tariffs on all US imports.

He also promised to remove the consumer carbon tax and put it of manufacturers, saying nobody would notice because nobody buys steel anymore.

Bottom line......

A tariff is a tax on an imported good.

Unlike a sales tax, which is placed on a good regardless of where it is made, a tariff specifically exempts domestically produced goods.

It’s based on the location of production, not the location of the producer

How markets react could well be dependent on the consumer choice to pay for increase in cost at the check out .

However, "Tariffs" can, probably will be accompanied with quote...

Other trade barriers include quotas, licenses, and standardization, all seeking to make foreign goods more expensive or available in a limited supply.

The very argument reasoning both Justin Trudeau, now Mark Carney insist is a clear reasoning not to make "knee jerk" retaliatory action.

Yet both have failed to deal with the Trumps concerns.

Negotiate a compromise.

"Nobody in their right mind believes Canadian Dairy and Timber should have triple digit tariffs with a free 'pass' into US markets."

the canadian dairy system is set up for stability for canadians and reduces excess supply that's wasteful.

the u.s. can export to canada tariff free up to a volume quota until tariffs kick in.

the u.s. over produces milk and dairy beyond the u.s. domestic demand and beyond the export demand. it wants to dump the excess supply. it's an inefficient and wasteful system.

canadian export of dairy to the u.s. is tiny, maybe 3% of all canadian production. the added u.s. tariff won't have much overall effect to canada.

American dairy export to canada is about 3% of the canadian market and there is NO TARIFF on the first 3% imported.

This lie of free entry to the u.s. market has to stop.

america has tariffs on milk and lumber.

HopeSpringsEternalToday 02:07 pm JST

Carney reminds me of Musk, only a political version, busy hopping around the world and ultimately drawn to the gravitational "power" of the US.

Suspect DJT can do business with him.

He also doesn't take any crap on DJT's attempt to undermine Canada's independence. DJT will declare victory and actually surrender like he always does.

Yet both have failed to deal with the Trumps concerns.

This is pure BS.

How is Canada supposed to "deal with the Trump concerns" when those concerns are either lies or ones which by their nature are impossible to satisfy?

He's given two reasons: 1) Fentanyl, and 2) he wants production moved to the US.

The first of these is nonsense, almost no fentanyl was crossing into the US from Canada to begin with. Despite that Trudeau did everything Trump asked - pumped 1.3$ billion into adding 10,000 more border guards, appointed fentanyl czar, etc. But Trump still says "not enough" because there are still people dying in the US from fentanyl that does not come from Canada. How the hell is Canada supposed to deal with that???

The second is just something Canada can't do anything about - if Trump fundamentally just doesn't want US businesses to buy anything from Canada because he thinks shutting down trade is going to create American jobs then that is not something that is going to be affected by anything Canada does or doesn't do.

Either way, this mess is 100% Trump's creation and any consequences are 100% on him.

This man is a globalist technocrat and a weasel. He was one of the ringleaders of a cabal that conspired to overturn the largest democratic vote in British history. He did immense damage to my country.

@MilesTeg That's exactly how it was during the election. Harris a lawyer. A criminal prosecutor no doubt. Highly educated. And Trump... Well, Trump.

They voted for the criminal.

Let's see what happens, in a perfect world tariffs start coming down everywhere and consumers benefit from lower prices, while inflation drops and brings down interest rates = that's the DJT Trade Agenda!

Comments by Canadians above largely paint a very DIRE picture of Mr. Carney. Had no idea he was so in bed with the globalists, but you learn some every day, and they've definitely fallen deeply out of favor of late.

And I love Canada, many travels there from a very young age, great country and people, including first ever hot springs at Harrison Hot springs in BC, salmon fishing near the Frazier River, and don't even get me started on Whistler, Big White or steel head fishing in remote BC!

This man is a globalist technocrat and a weasel. He was one of the ringleaders of a cabal that conspired to overturn the largest democratic vote in British history. 

You mean Brexit? An absolute disaster which even the thickest moron doesn’t see as a success now.

He did immense damage to my country

Brexit was the cause of the damage.

rainyday,

He's given two reasons: 1) Fentanyl, and 2) he wants production moved to the US.

Start negotiations from this point. you have stated so.

Only composure, collectedness, without resentment, political pique, rancour.

Only a clear minded political diplomatic objectivity will counter Donald Trump provocation.

Start negotiations from this point. you have stated so.

Only composure, collectedness, without resentment, political pique, rancour.

I’m not the one negotiating with Trump so I’m free to call his BS what it is.

In terms of the principals actually negotiating all of the resentment, pique and rancour are 100% originating with Trump, not Canada which did nothing to instigate any of this.

Fentanyl is a deadly drug that every effort must be used to stop it. Track the precursors coming in from China. Only a small amount of fentanyl crosses the Canadian-US border. The main sources are the Mexican drug cartels that care very little for human lives.

Mark Carney was not remotely responsible for the UK leaving the European Union.

If we all had the time, a thread devoted to such a subject, a polite focused respectful debate.

We could all purge our beliefs,angry indignation, prejudices, and finally all move on.

rainyday, you suggest not to be the one negotiating with Trump,?

But you have formatted a plan, your correct point that Canada did nothing to instigate any of this.

So where does this lead. back too?

1) Fentanyl, and 2) he wants production moved to the US.

Your call out, correctly.

My contention, is to keep one composure.

You know the greatest gift my Mother, J family taught me, sometimes with harsh rebuke.

Is to listen and silence, bluntly put, shut up.

I still struggle, huffing and puffing through my ego

That is why I post at JT, to purge my political opinions/irritate.

I'm rather betting Carney moves to the middle, seems like a reasonable bloke. Free and FAIR trade along with secure borders are surely something that most believe in.

You know the greatest gift my Mother, J family taught me, sometimes with harsh rebuke.

Is to listen and silence, bluntly put, shut up. 

Listen to your mother more often.

Let's see what happens, in a perfect world tariffs start coming down everywhere and consumers benefit from lower prices, while inflation drops and brings down interest rates = that's the DJT Trade Agenda!

Are you saying tariffs won’t lead to lower prices?

Well done.

That is why I post at JT, to purge my political opinions/irritate

Takes a man to own up. At least now we can all see your posts as trolling/irritating with your blessing. Thanks for coming clean. /s

As a women, Bob Fosse.

We all post an opinion,

Whether you insist a irritating troll, you are not alone their, or the true "Bob Fosse" believer

I will read, respond, enjoy your contribution to JT.

Mark Carney putting Canada first:

Now, I am a pragmatist above all, so when I see that something’s not working, I will change it. So my government will immediately eliminate the divisive consumer carbon tax on families and farmers and small and medium-sized businesses, and we will stop — and we will stop — the hike in the capital gains tax, because we think builders, we think builders should be incentivized for taking risks and rewarded when they succeed.

Canada needs more of this type of change. Change that puts more money in people’s pockets. Change that makes our companies more competitive. Change that builds the strongest economy in the G7. There is — there’s someone who’s trying to do the opposite. There’s someone who’s trying to weaken our economy: Donald Trump, Donald Trump.

And Donald Trump, as we know, has put, as the Prime Minister just said, unjustified tariffs on what we build on what we sell, on how we make a living. He’s attacking Canadian families, workers and businesses, and we cannot let him succeed, and we won’t. I am proud. I am proud of the response of Canadians who are making their voices heard and their wallets felt. I am grateful for how our provinces are stepping up to the fight. Because when we are united, we are Canada strong. 

Canada — America is not Canada, and Canada never, ever will be part of America in any way, shape or form. Look, we didn’t ask for this fight. We didn’t ask for this fight, but Canadians are always ready when someone else drops the gloves. So the Americans, they should make no mistake in trade, as in hockey, Canada will win.

Thank you, Bob, for your replies, and also Judgement about something, you might struggle on the subject matter.

Your opinion on President Trump you believe not in dispute.

But Mark Carney?

Please, I would be interested your absolute conviction,

The certainly, your knowledge, that Mark Carney can change course that Justin Trudeau failed?

You do understand what is at state for Canadians,

Are you a Canadian?

If so what does that mean to you?

Economically?

Let's see what happens, in a perfect world tariffs start coming down everywhere and consumers benefit from lower prices, while inflation drops and brings down interest rates = that's the DJT Trade Agenda!

Are you saying tariffs won’t lead to lower prices?

Well done.

Open question remains do other countries decide in mass to lower their tariffs to 'match' US tariffs, or must DJT raise tariffs to 'match' theirs and if so for how long?

Clearly, Canadian tariffs will have to drop big time on items like dairy and timber.

it's not a trick question Bob, I am putting you on the spot though.

Lets not squabble.

Just politely debate.

Your call out received.

Your 1) Fentanyl, and 2) he wants production moved to the US.

Please, what does such a statement, correct me if I am wrong, do you find so, how to put troll/irritating?

No country wants illicit drugs crossing the border into its territory. And every country prefers local production vs. importation as a general rule of thumb.

Thus, DJT's positions on Trade & Border = Global Norm

Bob this statement is without any doubt indisputable

Your statement....

1) Fentanyl, and 2) he wants production moved to the US.

Why don't we listen to our parents, my Mother?

You should know the answer, without me spelling out for you!