Mark Carney has been officially sworn in as Canada’s new Prime Minister, positioning him to address the trade challenges posed by tariffs imposed by U.S. President Donald Trump—measures that could severely impact Canada’s trade-driven economy.
Carney took the oath of office before Governor General Mary Simon, the official representative of King Charles III, Canada’s head of state.
The former central banker has reshaped his cabinet to prioritize relations with Washington, cutting several ministerial positions inherited from his predecessor, Justin Trudeau.
Finance Minister Dominic LeBlanc is transitioning to the international trade portfolio, while Innovation Minister François-Philippe Champagne will take over as Finance Minister. Foreign Minister Mélanie Joly will retain her position.
“We are building a government that rises to the occasion. Canadians expect action, and this team will deliver—a smaller, more experienced cabinet that moves quickly, strengthens our economy, and safeguards Canada’s future,” Carney stated in a post on X.
His appointment marks a historic moment, as the 59-year-old becomes Canada’s first prime minister without prior elected political experience.
Carney is set to visit London and Paris next week, according to a diplomatic source, as Canada seeks to bolster alliances in Europe amid worsening ties with the U.S.
Carney secured the leadership of the ruling Liberal Party on Sunday, defeating his rivals and succeeding Trudeau, who served for over nine years.
In another key appointment, former Finance Minister Chrystia Freeland, whose unexpected resignation last December contributed to Trudeau’s departure, has been named Transport Minister.