Mark Carney Urges Defense of Canadian Values Amid Warnings of ‘Democratic Decline’
OTTAWA Former central bank governor Mark Carney issued a strong call to defend Canadian democratic values, warning of what he described as a growing global and domestic “democratic decline” during a speech delivered at a critical political moment for the country.
Speaking at a high-profile policy forum, Carney emphasized that democratic institutions cannot be taken for granted, arguing that economic uncertainty, political polarization, and misinformation are placing increasing pressure on public trust worldwide. He said Canada must remain vigilant in protecting its democratic foundations while adapting to rapid global change.
“Democracy is not self-sustaining,” Carney said. “It requires active participation, responsible leadership, and a shared commitment to truth and accountability.”
Carney, who previously served as governor of both the Bank of Canada and the Bank of England, linked democratic resilience to economic stability, warning that weakened institutions often lead to long-term financial and social consequences. He pointed to rising geopolitical tensions, declining faith in public institutions, and widening inequality as factors contributing to democratic strain across advanced economies.
While stopping short of endorsing any political party, Carney stressed the importance of national unity and evidence-based policymaking. He urged Canadian leaders to prioritize long-term decision-making over short-term political gains, particularly as the country navigates economic headwinds and shifting global alliances.
The speech comes amid heightened political debate in Canada, with issues such as affordability, climate policy, and international relations dominating public discourse. Analysts say Carney’s remarks reflect growing concern among global policymakers that democratic norms are being tested not only by external threats but also by internal divisions.
Carney also highlighted Canada’s role on the international stage, arguing that strong democracies must work together to counter authoritarian influence and reinforce global cooperation. “Canada’s voice matters,” he said, adding that democratic leadership remains a key source of the country’s global credibility.
As political uncertainty continues to shape both domestic and international agendas, Carney’s warning underscores a broader message resonating across global forums: defending democratic values requires constant effort, especially during periods of economic and political transition.
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