India, March 10 -- During the federal election campaign in August 2021, outgoing Canadian prime minister Justin Trudeau said he didn't think about monetary policy. Mark Carney, his successor as leader of the ruling Liberal Party, however, has had to have given that matter plenty of thought, given that he was Governor of the Bank of Canada between 2008 and 2013 and then Governor of the Bank of England from 2013 to 2020.

That may not be the only difference in their approaches. Since becoming prime minister in 2015, Trudeau pulled his party, once known for its centrism, increasingly to the left. The 59-year-old Carney, however, has described himself as a pragmatic outsider, despite acting as the chair of the task force advising Trudeau on e...