Matthew Lynn Matthew Lynn

Mark Carney is not fit to be Canadian PM

Mark Carney (Photo: Getty)

He has global experience. He has proven his leadership. And he has the management skills needed to turn around a sinking ship. As Mark Carney makes a bid to succeed Justin Trudeau as Canadian prime minister, he will no doubt make much of his credentials as a ‘rock star’ central banker. There is just one snag. As it turns out, it takes only a cursory glance at his record as Governor of the Bank of England to work out that Carney’s reputation is completely overblown – and in reality he is not fit to be Canada’s next prime minister. 

The Bank made a whole series of mistakes under his management

Given that Pierre Poilievre’s Conservative party will almost certainly win a huge victory at the next election it is not clear why anyone would want to take over as Canadian PM. They will be heading for an epic defeat. Still, that has not stopped the always confident Mark Carney from generously offering his services.

Matthew Lynn
Written by
Matthew Lynn
Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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