Mark Carney Raised $4.5 Million in Two-Month Liberal Leadership Race

Liberal Party of Canada leadership candidates are shown in a composite image made from four photographs. Karina Gould (L-R), Mark Carney, Chrystia Freeland and Frank Baylis are seen during press availabilities following the Liberal leadership race's French-language debate in Montreal on Feb. 24, 2025. The Canadian Press/Christinne Muschi

Mark Carney’s leadership campaign said he’s fundraised a whopping $4.5 million during the Liberal party’s short, two-month race to replace outgoing Prime Minister Justin Trudeau.

All the visible signs point to a significant lead for the former governor of the Bank of Canada, with a large swath of the Liberal cabinet and caucus backing him as he leads in polls and fundraising.