Mark Carney Wins Canada PM Race, US Recession Risk Grows

Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future. Thex-Bank of Canada and Bank of England governor won the contest to lead the Liberal Party of Canada with nearly 86% of the vote. Wall Street stock futures dropped and Treasuries ticked higher as Trump’s protectionist policies and cuts to the federal workforce dented confidence in US economic outperformance. Contracts for the S&P 500 declined 1%, following the worst week for the benchmark index since September. European stocks slipped 0.4%.

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