We stand together on the edge of historic possibility. At a moment that comes rarely in the life of a country. It is a time when destiny is ours to hold.
-From Paul Martin’s Liberal leadership acceptance speech, November 14, 2003
Paul Edgar Philippe Martin was born August 28, 1938, to Paul and Eleanor (Nell) Martin in Windsor, Ontario. His father was a member of Parliament and Cabinet minister in the Liberal party.
Paul Martin, Jr. attended St. Michael’s College at the University of Toronto where he completed an undergraduate degree in philosophy and history in 1961. He then enrolled at University of Toronto Law School, graduating in 1965. Also in 1965, Martin married a long-time friend of the family, Sheila Ann Cowan. Canadian businessman Maurice Strong convinced Martin to work for the Power Corporation of Canada where he had a distinguished career. In 1973, Martin became the CEO of Canada Steamship Lines and in 1981, he purchased the company.
In 1988 Martin became a member of Parliament for the Montréal riding of LaSalle-Émard. In 1990, he ran unsuccessfully against Jean Chrétien for the leadership of the Liberal party. Once the Liberals had swept to victory in 1993, Martin was made Minister of Finance. He took control of the budgets for every ministry and eliminated the Canadian deficit and reduced the national debt. He became known as a very successful minister of finance.
When Chrétien made the decision to leave as leader of the Liberal Party, Martin was ready. At the Liberal Leadership Convention in 2003, he won 93 percent of the vote. He was sworn in as prime minister on December 12, 2003.
In 2004, Auditor General Sheila Fraser issued a report revealing that nearly half of the funds designated by the Liberal Party for a program to raise awareness of federal contributions in Quebec were misused or misdirected. This quickly became known as the “Sponsorship Scandal.” In the election of June 28, 2004, the Liberals were reduced to a minority. Martin tried to distance himself from the scandal and established the Gomery Commission to conduct a public inquiry. While prime minister, he was instrumental in steering numerous consultations to reach an agreement between the premiers, First Nations, Métis and Inuit peoples to close the socio-economic gap between Aboriginal and non-aboriginal Canadians. It became known as the Kelowna Accord.
Late in 2005 the Liberals lost a vote of confidence, and in the election of January 23, 2006, they lost power to Stephen Harper and the Conservatives. Martin announced that he would step down as Liberal leader. In December 2006, he was succeeded by Stéphane Dion. Martin continued to act as member of Parliament until October 2008.
Under Martin, the Canadian Armed Forces assumed a stronger role in Afghanistan. Theirs was described as a "3-D" role: defence, diplomacy and development.
U.S. President George W. Bush and his wife visited Ottawa in the autumn of 2004, and the relationship with Prime Minister Martin seemed to be cordial, but Martin decided not to participate in the ballistic missile defence system.
Martin signed the Security and Prosperity of North America agreement in March 2005. This was intended to promote greater cooperation and information-sharing among Canada, the United States and Mexico.
Since his retirement from politics, Martin has worked closely with the African Development Bank Group on projects such as the protection of the Congo Basin forests.
- University of Toronto, B.A. Philosophy & History 1962
- University of Toronto, LL.B 1965
- Former President, CEO and Director, The CSL Group Inc.
- Former Chairman and CEO, Canada Steamship Lines Inc.
- Former Corporate Director, C.B. Pak Inc.; Redpath Industries Ltd.; Fednav Ltd.; The Manufacturers Life Insurance Co.; Canadian Shipbuilding & Engineering Ltd.; Imasco Corp.
- Read law with Osler, Hoskin & Harcourt, Toronto
- Lawyer (called to the bar in Ontario in 1966)
- Former Vice-President, Power Corp. of Canada; Consolidated Bathurst Ltd.
- 1991-1993, associate finance critic and critic for the environment for the Liberal opposition in the House of Commons
- 1988-present, LaSalle-Émard
- 1993-1996 Minister Responsible for the Federal Office of Regional Development - Quebec
- 1993-2002 Minister of Finance
- Co-authored the 1993 Liberal "Red Book"
- While Martin was serving as Minister of Finance, Canada recorded five consecutive budget surpluses
- 1999-2001 Inaugural Chair, Group of Twenty (G-20)