Canada’s national carbon tax on consumer fuels is likely in its final weeks after both major contenders to replace Prime Minister Justin Trudeau as Liberal leader have promised to scrap it.

In his farewell speech as Bank of Canada governor, in 2013, Mark Carney cast an admiring eye on the country he was leaving to take on the more challenging task of running Britain’s central bank. The title of his address – “ Canada Works ” – said it all.

The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy

Hard-working, photogenic Goldman Sachs alumnus with more than a decade’s experience running two G7 central banks seeks new (short-lived?) role at the top of Canadian politics. To Mark Carney’s supporters, the 59-year-old former governor of the Bank of ...

president of the European Central Bank. Mark Carney’s good looks famously distracted Jude Law’s partner Phillipa Coan at Wimbledon in 2016 Credit: Getty To his detractors, however ...

Carney says carbon pricing has lost the support of the Canadian people; pledge follows similar vow from rival Chrystia Freeland

Liberal leadership candidate Mark Carney will abandon his party's consumer carbon tax and replace the policy with an incentive program that rewards Canadians for making green choices.

The 2008 financial crisis and its aftermath vaulted central bankers from obscure technocrats to leading actors in the global economy.

In a highly staged event in Halifax on Friday morning, Liberal leadership candidate Mark Carney concentrated on the environment and the imminent threat of tariff imposition by the U.S. “President Trump thinks Canada will cave in,

The only Indigenous candidate in the Liberal leadership race, Jaime Battiste, has exited, in support of Mark Carney who will face reporters in Halifax Friday.

Trudeau, after three election victories and more than nine years in power, has made it impossible for the Liberals to avoid disaster in the next election by delaying his departure.” Since those deathless words were penned,

Former Deputy Prime Minister Chrystia Freeland, seen by many political analysts as Carney’s chief rival, has also pledged to ditch the carbon tax. If you get value from KelownaNow and believe local independent media is important to our community we ask that you please consider subscribing to our daily newsletter.