Former central banker Mark Carney is set to be sworn in as Canada’s next prime minister on Friday morning, alongside his newly appointed cabinet, the governor general’s office confirmed on Wednesday.
Carney, the new leader of the Liberal Party, had promised a “seamless and quick” transition as he takes over from Justin Trudeau, who announced his resignation in January after nearly a decade in power.
Carney, a political newcomer at 59, was elected as the Liberal Party’s new leader on Sunday, securing an overwhelming 86% of the vote from more than 150,000 members.
After leading both the Bank of Canada and the Bank of England, Carney’s entry into politics comes at a time of heightened trade tensions with the United States. In his victory speech, Carney took a bold stance, declaring: “In trade, as in hockey, Canada will win.”
On Wednesday, he expressed his readiness to meet with US President Donald Trump to negotiate a new trade agreement, aiming to avoid further economic conflict. This follows the imposition of a 25% tariff on steel and aluminum imports into the United States, to which Canada has responded with retaliatory tariffs.
