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.

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

The Bank of Canada’s independence could be tested as Mark Carney, former governor of both the Bank of Canada and the Bank of England, is now running for leader of the Liberal Party.

Mark Carney, the former governor of Canada's central bank, on Thursday launched his bid to succeed Justin Trudeau as Liberal Party leader and prime minister, immediately becoming a frontrunner in

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 ...

Toronto – Canadian Foreign Minister Mélanie Joly will endorse former central banker Mark Carney to be the next Liberal ... The source said Joly believes Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former ...

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 ...

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.

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 former Bank of Canada and Bank of England governor will make the announcement at an event in Halifax later Friday morning.

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

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.

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,