The former central banker will help “develop and shape ideas for the next phase of Canada’s strategy for near- and longer-term economic growth and productivity” in his new post, the party said in a news release. The job is with the Liberals, not the Canadian government; Carney’s assignment is to advise Justin Trudeau and the party on policy for the next federal election. (The Logic)

Talking point: Feeble Canadian productivity is a deepening political problem for the Liberals as polls suggest they’re in even deeper electoral trouble. Carney first declared himself a Liberal at a party convention in 2021 and since then has been mooted as a potential candidate, cabinet minister and successor to Trudeau as Liberal leader. This is the first time he’s taken an official role, however. The Liberals did not immediately respond to The Logic’s questions about whether Carney will be paid or will relinquish other posts as chair of Brookfield Asset Management and Bloomberg or as a UN envoy on climate finance.