Mark Carney Backs Off Carbon Tax, Shifts Focus to Corporate Polluters

​Mark Carney, a former central banker, was sworn in as Canada's new prime minister, succeeding Justin Trudeau. Carney faces immediate challenges, including a trade war with U.S. President Donald Trump, who has imposed tariffs on Canadian goods and suggested annexing Canada as the 51st state. In response, Carney emphasized Canada's sovereignty, stating, "We will never, ever, in any way shape or form, be part of the United States." 

Liberal Leader Mark Carney talks to media as he leaves a caucus meeting in Ottawa, Monday, March 10, 2025. THE CANADIAN PRESS/Sean Kilpatrick

Carney plans to protect Canadian workers and stimulate economic growth by diversifying trade partnerships beyond the U.S., focusing on Europe and Asia. He also intends to address domestic issues like rising housing costs by shifting the carbon tax burden from consumers to corporate polluters. 

In his first cabinet meeting, Carney fulfilled a key promise by eliminating the consumer carbon tax, aiming to alleviate financial pressures on Canadians.  He is also expected to call a general election soon to secure a mandate for his agenda. ​

Carney's leadership will be tested as he navigates complex economic and political challenges, both domestically and internationally.​