this post was submitted on 09 Mar 2025
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Summary

Mark Carney has been elected as the new Liberal Party leader in Canada with a commanding 85.9% of votes, following Justin Trudeau's resignation.

The former Bank of Canada and Bank of England governor will become Canada's 24th prime minister within days.

In his victory speech, Carney took aim at both Donald Trump and Canadian Conservative Leader Pierre Poilievre, vowing to maintain Canada's tariffs until Americans "show us respect."

Carney, despite never holding elected office, enters leadership as Canada faces trade tensions with the U.S. and a potential early election. He must secure a parliamentary seat and finalize the transition with Trudeau.

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[–] [email protected] 1 points 5 hours ago (2 children)

No, he pushed mass immigration, in order to derive what he calls economic growth as we trade homes back and forth for ever larger sums, as zoning and developer fees prevent new development.

Housing and rents doubled in 10 years as we did 4% population growth and bought 50% of mortgage bonds, all as he was a Liberal advisor. He's a champaign socialist like our NDP, and we have no real worker parties left.

[–] [email protected] 6 points 2 hours ago

If your rents doubled while your population increase was only 4%, it sounds like immigration wasn't the issue, now was it?

Blaming poor people for the housing bubble is like blaming a fish for the rain. Look up.

[–] [email protected] 2 points 5 hours ago (1 children)

Oh. I'm sorry. I guess then pay attention as to how trump's story goes. I don't know now how it's going to go. I hope to be dead by then.

[–] [email protected] -3 points 5 hours ago* (last edited 5 hours ago)

Id guess it knocks over Canada's housing bubble they built, and we have a lost decade like Japan due to trillions in misallocated capital.

Its mainly full recourse loans as well, its incredibly irresponsible to do mass immigration and stoke demand to distort the market. Its almost like they wilfully broke our country to push climate policy, I can't see any other way to explain it.