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Goldman’s Man Up North

News and notes on Canadian prime minister and Goldman alum Mark Carney’s view of America under Trump 2.0, and an opening interest rate salvo from the president’s new man at the Fed.

Mark Carney
Carney rattled off the areas where Canada is a leader, from its status as holder of one of the world’s largest reserves of oil and gas and critical minerals, to its big pension funds. Photo: Chip Somodevilla/Getty Images
William D. Cohan
September 24, 2025

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The prime minister of Canada began his talk at the Council on Foreign Relations on Monday night by giving a shout-out to two former Goldman Sachs colleagues in the audience, Bob Hormats and Bob Rubin. “Bob [Hormats] taught me everything about foreign relations,” he said. “Bob Rubin taught me how to make decisions under uncertainty. Unfortunately, those two are coming together at the same time.”