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Party veterans step back as Liberals seek fresh start

Mark, Carney, Chrystia Freeland and Karina Gould lead a significantly narrowed field of candidates vying for the Liberal Party’s top job. Illustration by Ata Ojani/CNO

The field of likely candidates in the federal Liberal Party’s imminent leadership race has narrowed considerably since Prime Minister Justin Trudeau announced his widely anticipated resignation 10 days ago. 

Senior cabinet ministers highly rumoured to be mounting leadership bids have bowed out of the contest, citing the importance of staying the course in their current posts amid the largest threat to Canada’s sovereignty and economic prosperity in more than 75 years. 

These are the main choices before Liberals in their moment of crisis, as they look ahead to a rapid leadership contest followed by the party’s most challenging election in its 157-year history:

Mark Carney: The White Knight

The quintessential Laurentian elite, Mark Carney has been courting Liberals since 2012 when there was first speculation he'd run against a spritely Trudeau for the Liberal leadership in the party’s last moment of crisis. 

In 2021, Carney made his support for the party known at a virtual convention declaring: "I'll do anything I can to support the Liberal Party.” The public statement led many observers to conclude that he'd run in the federal election that year, but it wasn’t to be. 

His qualifications and experience meet the “hinge moment” we find ourselves in, to borrow Carney’s own language. As the former Governor of the Bank of Canada and England, his economic bona fides are beyond reproach. Carney has never been a member of the Trudeau government and can legitimately chart a path forward for Liberals that is marked more by change than continuity. 

Carney's chief challenge: he remains a political novice having never held public office. Can he demonstrate his partisan chops in a seven-week leadership race? Can he hit the ground running, as a prime minister without a seat and leader of a beleaguered party staring down imminent defeat in the House of Commons and to the Conservatives in a subsequent election? Carney’s recent tour de force performance on The Daily Show with Jon Stewart provides some hints about how he would perform in a general election campaign. 

Carney's critics assert that politics is a profession like any other, and one must hone retail political skills in the trenches before seeking the top prize. But Carney’s supporters believe he's a white knight: an antidote to a highly unpopular Trudeau — just as John Turner was fleetingly seen to be the remedy to the Pierre Trudeau era in the summer of 1984. 

A significantly narrowed field of candidates vying for the Liberal Party’s top job, writes Andrew Perez

Chrystia Freeland: The Loyal Lieutenant-turned Maverick 

There is no senior cabinet minister that has been more integral to the Trudeau government's successes and failures than Chrystia Freeland. She has been the Trudeau government’s "Minister of Everything” in the modern era, as C.D. Howe was in the Liberal governments of Mackenzie King and Louis St. Laurent in the mid-20th century. 

Freeland has served as Trudeau's loyal lieutenant since day one when she won a 2013 Toronto by-election to join the third-place Liberals in Ottawa. Freeland's ideas as a prominent journalist and author formed the intellectual backbone of the Liberal agenda supporting the middle class. 

Despite Freeland's bombshell departure last month, she remains extremely tied to the prime minister, weighted down by his mixed record. While Freeland deserves credit for exiting cabinet and issuing a public letter shrewdly articulating policy differences, the letter strained credulity among many Liberal partisans most likely to be active in this leadership race. 

If Freeland genuinely disagreed with the government's fiscal approach, why did she remain Trudeau's loyal lieutenant until the eleventh hour? As Freeland and her team build her campaign, they would be wise to heed the age-old adage: "When you come at the king, you best not miss."

Karina Gould: The Progressive Millennial 

Karina Gould will represent the party’s progressive wing at a time when Liberals are destined to pivot to the political centre. At 37, Gould is the youngest candidate and the only millennial to jump into the race. The mother of two young children made history as the youngest woman appointed to the federal cabinet and the first minister to take maternity leave.

Her entry into the race has already made a splash, given the significantly narrowed field of candidates vying for the Liberal Party’s top job. Gould has held a variety of senior posts in the Trudeau cabinet that have allowed her to showcase her progressive bona fides, most recently serving as Government House Leader in a tenuous minority Parliament. 

As minister of Families, Children and Social Development, she spearheaded the Liberal government’s seminal national child-care program, shepherding agreements with the provinces and territories to make the program a reality. Gould’s progressive politics and relative youth will enable her to relate to younger people in this race amid growing anxieties around the cost of living and housing affordability among the under-40 demographic. 

Young people voted overwhelmingly for Trudeau’s Liberals in 2015, but have since abandoned the party in droves. A July 2024 Abacus poll showed Pierre Poilievre’s Conservatives leading the Liberals by a staggering 15 points among Canadians aged 18 to 35. While Gould’s longshot candidacy faces an uphill battle, she could represent the party’s best shot at mending its critical relationship with young people at a time of great economic uncertainty. 

Liberals will have a new leader come March 9, and Canadians will have a new prime minister shortly thereafter. While the dynamics of this race will change over the coming seven weeks, watch for Mark Carney to take the early lead as the presumptive front-runner. May the best man/woman win. 

Andrew Perez is a Principal at Perez Strategies and a Toronto-based Liberal strategist, political commentator and freelance writer.  

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