Mark Carney

Details of Canadian Prime Minister Mark Carney's cabinet are leaking out:

  • Francois-Philippe Champagne to be finance minister
  • Tim Hodgson named minister of energy and natural resources
  • Dominic Leblanc remains in charge of US-Canada trade
  • Chrystia Freeland remains minister for transport and internal trade
  • Melanie Joly named industry minister

These are mostly familiar faces. Champagne and Leblanc travelled to Washington in March at the peak of tariff anxiety and seemed to get along with Lutnick and others at the White House so that may be a good sign.

A critical name will be Tim Hodgson who worked with Carney at Goldman Sachs and was the Chair of Hydro One. He was recruited by Carney to run and will have a big job in developing Canadian energy and pipelines while navigating/rewriting brutal regulations.

Source: Forex Live