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Carney to be Sworn in as Canada’s New PM on Friday
Mark Carney, former central banker and newly elected leader of the Liberal Party, is set to be sworn in as Canada’s next prime minister on Friday morning, alongside his cabinet, the Governor General’s office announced Wednesday.
Carney, who succeeded Justin Trudeau after the latter’s resignation in January following nearly a decade in power, had pledged a "seamless and swift" transition. At 59, the political newcomer was elected Liberal leader with overwhelming support, securing 86% of over 150,000 votes in Sunday's leadership race.
Carney’s foray into politics follows his distinguished tenure at the helm of both the Bank of Canada and the Bank of England. His entry into the political arena comes amid ongoing trade tensions with the United States, a subject he addressed in his victory speech. "In trade, as in hockey, Canada will prevail," he declared defiantly, signaling his intent to defend Canada's interests on the international stage.
In a statement on Wednesday, Carney reaffirmed his commitment to negotiate directly with US President Donald Trump, emphasizing the need for a renewed trade accord to prevent further economic conflict. Tensions have been escalating since the United States imposed a 25% tariff on Canadian steel and aluminum imports, prompting retaliatory measures from Canada.