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Mark Carney To Be Sworn In As Canada PM Friday

His jump into politics, after formerly heading the Bank of Canada and the Bank of England, comes at a time of trade tensions with the United States.

By Channels Television
Updated March 13, 2025
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Canada’s Liberal Leader and Prime Minister-elect Mark Carney speaks after being elected as the new Liberal Party leader, in Ottawa on March 9, 2025. Canada’s Liberal Party overwhelmingly elected Mark Carney as its new leader and the country’s next prime minister on March 9, 2025, tasking the former central banker with helming Ottawa’s response to threats from US President Donald Trump. (Photo by Dave Chan / AFP)

 

 

Former central banker Mark Carney will be sworn in as Canada’s next prime minister on Friday morning along with his cabinet, the governor general’s office announced on Wednesday.

The new Liberal leader had promised a “seamless and quick” transition as he takes over from Justin Trudeau, who announced his resignation in January after nearly 10 years in power.

 

Canada’s Prime Minister Justin Trudeau (R) greets his daughter Ella Grace after speaking ahead of the announcement of Mark Carney election as Canada’s Liberal Leader and Prime Minister-elect during the election of the new Liberal Party leader in Ottawa on March 9, 2025. . (Photo by Dave Chan / AFP)

 

Canada’s Prime Minister Justin Trudeau speaks before Mark Carney was elected as Canada’s Liberal Leader and Prime Minister-elect during the election of the new Liberal Party leader in Ottawa on March 9, 2025.  (Photo by Dave Chan / AFP)

 

A political novice at age 59, Carney on Sunday was overwhelmingly elected new leader of the Liberal Party, winning 86 percent of more than 150,000 votes cast.

His jump into politics, after formerly heading the Bank of Canada and the Bank of England, comes at a time of trade tensions with the United States.

In his victory speech to supporters, Carney struck a defiant tone towards Washington, saying: “In trade as in hockey, Canada will win.”

 

Canada’s Liberal Leader and Prime Minister-elect Mark Carney (L) alongside his wife Diana, gestures at supporters after being elected as the new Liberal Party leader, in Ottawa on March 9, 2025. Canada’s Liberal Party overwhelmingly elected Mark Carney as its new leader and the country’s next prime minister on March 9, 2025, tasking the former central banker with helming Ottawa’s response to threats from US President Donald Trump. (Photo by Dave Chan / AFP)

 

On Wednesday he said he was “ready to sit down” with US President Donald Trump to negotiate a renewed trade accord in a bid to avoid further economic tussling.

A 25 percent levy on steel and aluminum imports into the United States took effect earlier. Canada hit back with retaliatory tariffs.

 

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