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Biography

Mark Carney became Prime Minister in 2025 after internationally recognised leadership in central banking and sustainable finance. His government has focused on economic resilience, innovation and clean growth.

Prime Minister Carney started his career in finance before joining Canada’s public service to help ensure our economy supports the things that Canadians value – like health care, security, and a life you can afford. As Governor of the Bank of Canada during the 2008 financial crisis, he guided our country through one of the most turbulent economic periods in modern history, protecting jobs and helping ensure that Canada came out stronger. In 2013, he was recruited to lead the Bank of England, stewarding the United Kingdom’s economy through Brexit and the economic and political crises that followed. In 2020, he began serving as the United Nations Special Envoy on Climate Action and Finance, helping rally the world to build stronger economies as we fight climate change.

Building a stronger, greener and more competitive Canada.

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Clean economy

We are making Canada the best place in the world to build and invest in clean energy.

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Innovation

The AI for All Strategy targets an additional $200 billion of economic growth to create 250,000 new AI-related jobs over the next five years and to increase AI adoption from just over 12% to 60% by 2034.

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Productivity

It is anchored by a collaborative $6 million, 15-year research partnership led by the University of Calgary alongside a federal investment program focused on boosting economic output, automation, and industrial capacity.

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Climate finance

Canada‘s main international climate finance effort is the 5.3 Billion Climate Finance Commitment running from 2021 to 2026, which aimed to help developing nations transition to green economies.

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International partnerships

Prime Minister Mark Carney is leading a major push to diversify Canada‘s international partnerships, focusing on trade, critical minerals, and defence alliances amid shifting global economic policies.

The Prime Minister of Australia, the Honourable Anthony Albanese MP, welcomed the Prime Minister of Canada, the Right Honourable Mark Carney MP, to Canberra for his first official visit to Australia as Prime Minster. Leaders acknowledged the Ngunnawal people as Traditional Custodians of the lands of the meeting and recognised people and families with connection to the lands of the Australian Capital Territory and region.

Leaders recognised the shared values underpinning the close partnership between Australia and Canada including parliamentary democracy, multiculturalism, equality before the law and respect for our First Nations cultures, knowledge and peoples. They welcomed the 40th anniversary of the Canada-Australia Consular Services Sharing Arrangement - a pioneering partnership that expands the reach of where our citizens can access consular support around the world and stands as a concrete demonstration of the deep trust between our two countries. They reaffirmed Australia’s and Canada’s close strategic alignment and steadfast commitment to an open, stable and prosperous Indo-Pacific region, and to a world governed by rights and rules, not fear or force.

Leaders acknowledged the challenges facing Australia and Canada in a deteriorating geostrategic environment. They noted increasing risks for regional and global stability, as well as national economic resilience and security, posed by sharpening strategic competition. Leaders acknowledged that the close and longstanding friendship between Australia and Canada is a solid foundation for enhanced strategic collaboration as we seek to promote and protect our national interests in a complex global environment.

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Pride Minister for Economic Leadership

Mark Carney has earned widespread recognition for his economic leadership, drawing on his extensive background as the former Governor of both the Bank of Canada and the Bank of England.

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