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Canadian Economy and Markets

Canada’s incoming prime minister Mark Carney struck a defiant note Sunday against the United States, as the former central banker vowed to win US President Donald Trump’s trade war.

Carney lost no time standing up for “the Canadian way of life” after the Liberal Party overwhelmingly elected him to succeed Prime Minister Justin Trudeau.

“We didn’t ask for this fight. But Canadians are always ready when someone else drops the gloves,” Carney told a boisterous crowd of party supporters in Ottawa.

“So the Americans, they should make no mistake, in trade as in hockey, Canada will win,” added the 59-year-old, who will take over from Trudeau in the coming days.

Carney may not have the job for long.

Canada must hold elections by October but could well see a snap poll within weeks. Current polls put the opposition Conservatives as slight favorites.

– ‘Existential challenge’ –

In his victory speech, Carney warned the United States under Trump was seeking to seize control …

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