Canadian Prime Minister Mark Carney has appointed former BlackRock (BLK) executive Mark Wiseman to be Canada’s new ambassador to the United States.
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The appointment of Wiseman, an experienced Wall Street investment banker, comes as Canada prepares for contentious trade talks with the administration of U.S. President Donald Trump. The two countries are scheduled to enter formal trade talks in January as the continental North American trade deal between the U.S., Canada and Mexico comes up for review in 2026.
Wiseman’s appointment as Canada’s ambassador to the U.S. comes after current ambassador Kirsten Hillman announced her resignation earlier in the autumn. In a news release, Carney said Wiseman “brings immense experience, extensive contacts and deep commitment” to the post of U.S. ambassador.
Wall Street Pals
Wiseman, age 55, is set to take on the ambassador role in mid-February. He is reportedly a close friend of Carney, with the two having known each other since the Canadian Prime Minister worked as an investment banker himself at Goldman Sachs (GS) in the 1990s.
Wiseman is currently a senior advisor at the Boston Consulting Group, a consultancy firm. A Yale alumnus, Wiseman also previously worked in both New York and Paris as a lawyer with the firm Sullivan & Cromwell. He is tasked with helping to smooth over the difficult relationship between the U.S. and Canada in the wake of Trump’s tariffs and threats to make Canada the 51st American state.
Is BLK Stock a Buy?
BlackRock has a consensus Strong Buy rating among 13 Wall Street analysts. That rating is based on 11 Buy and two Hold recommendations issued in the last three months. The average BLK price target of $1,335.08 implies 22.96% upside from current levels.
