Former Bank of Canada and Bank of England governor Mark Carney reacts on the day members of Canada's Liberal Party gather to choose a successor to Prime Minister Justin Trudeau, in Ottawa, Ontario, Canada,

The governor of the Bank of Canada was under scrutiny. For weeks, press reports had tied Mark Carney to a potential run for the country’s Liberal Party, which was looking for a new leader.

Similar action on the EU will have smaller direct economic effects but be no less worrying for ECB rate-setters

Up north, voters antsy about President Donald Trump’s escalating trade war might prize that part of Carney’s background as much as his guiding the Bank of Canada through the 2008 financial crisis and the Bank of England through Brexit.

President Donald Trump has escalated his trade war with Canada, doubling tariffs on metals to 50 per cent and threatening to “substantially increase” levies on the automotive industry. In a post on his own Truth Social network,

The Bank of Canada (BoC) will announce its interest rate decision on Wednesday, with market expectations leaning towards a 25 basis points cut amid trade uncertainty with the United States. The move would represent the central bank's seventh consecutive interest rate cut,

Despite Trump's claims, evidence from banking associations and Canadian governmental departments, as well as commentary from leaders and experts from both countries, contradict hi

Donald Trump has warned that the US will respond after Ontario's premier announced a sizable tax increase on electricity exports, which could impact 1.5 million Americans. In February, the US president ordered 25 per cent tariffs on goods from Mexico and Canada,