Mark Carney to unveil cabinet today

May 13, 2025
-FXnews

Canadian Prime Minister Mark Carney will unveil is cabinet today in a move that could move the Canadian dollar.

The market still isn’t sure how Carney will govern and his plan to ‘build, baby, build’ and counter US tariffs.

Early reporting said former Finance Minister and Trump-antagonist Chrystia Freeland would be left off the roster but that was quickly reversed and denied. It appears she will get a role and that’s not a big surprise given that Carney is the godfather of her son and they’ve long been close.

Carney is looking to build national bridges though and she’s carrying much of Trudeau’s baggage. It would be a poor sign if she had a high profile position like Finance Minister. I suspect that will go to former Laurentian Bank economist Carlos Leitao, who was previously Quebec’s Minister of Finance.

Another portfolio to watch is Environment. That portfolio has been a major drag on Canadian construction and investment

Mark Carney to unveil cabinet today

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