section_path: Political beginnings/Leader of the Liberal Party/2025 leadership election
section_name: 2025 leadership election
paragraph_text: 2025 leadership election
  
  On January 16, 2025, Carney officially announced that he was running in the 2025 Liberal Party of Canada leadership election. Carney also announced that he stepped down from all executive, board and advisory positions that he was part of to focus on his leadership campaign. By February 9, his campaign had raised more than $1.9 million in donations from over 11,000 people and received endorsements from 66 Liberal caucus members. Carney won on the first ballot with over 85.9% of the vote, making him the leader of the Liberal Party. His margin of victory surpassed Justin Trudeau's 2013 margin, winning all 343 electoral districts.