Mark Carney, former central banker and leader of the Liberal Party, has officially been sworn in as Canada’s 24th Prime Minister. The ceremony, held at Rideau Hall in Ottawa, was presided over by Governor General Mary Simon, the representative of King Charles, Canada’s head of state.
Carney, 59, takes office during a critical period for Canada, as the nation faces escalating trade tensions with U.S. President Donald Trump. Carney has vowed to defend Canadian sovereignty and maintain retaliatory tariffs on U.S. goods until mutual respect is established. Trump has previously made controversial remarks about annexing Canada, further straining relations.
Carney’s rise to power marks a historic moment, as he becomes the first Canadian Prime Minister without prior political experience. His leadership bid emphasized his crisis management expertise, gained during his tenure as head of the Bank of Canada and the Bank of England. He succeeds Justin Trudeau, who served as Prime Minister for over nine years.
The new Prime Minister is expected to announce a leaner cabinet, with a focus on safeguarding Canada’s economy and navigating the trade war with the U.S. Liberal insiders suggest Carney may call a snap election in the coming days, as opposition parties have signaled their intent to challenge the minority government in a confidence vote by the end of March.
Opinion polls indicate a tight race between the Liberals and the opposition Conservatives, with neither party projected to secure a majority government. As Carney assumes office, all eyes are on his ability to steer Canada through these turbulent times.