JNS: Mark Carney, leader of Canada’s Liberal Party, was sworn in as the country’s new Prime Minister in Ottawa on Friday, succeeding Justin Trudeau. The 59-year-old former Governor of the Bank of Canada and Bank of England took the oath in both English and French, pledging allegiance to King Charles III.
Carney’s leadership marks a significant shift in Canada’s political landscape, particularly amid strained relations with the U.S. under President Donald Trump. His victory in the Liberal Party leadership race on Sunday, despite lacking prior political experience, has drawn widespread attention, especially given his expertise in navigating economic crises.
One of Carney’s first priorities will be addressing the deteriorating U.S.-Canada relations, which have been plagued by a tariff war. To aid in this, Carney is expected to reshuffle his cabinet, with Finance Minister Dominic LeBlanc moving to the international trade portfolio and Innovation Minister Francois-Philippe Champagne taking over as finance minister. This move aims to strengthen Canada’s ties with Europe, particularly London and Paris, as Carney prepares for upcoming visits to those cities.
Carney’s appointment follows Justin Trudeau’s decision to step down in January, after a tumultuous period marked by a vote of no-confidence in Parliament and his Finance Minister’s resignation in December over a policy dispute. Trudeau’s nine-year tenure ended amid growing party pressure and loss of key support.
Mark Carney, renowned for his leadership in global finance, faces the challenge of restoring Canada’s international relationships and economic stability in his new role.
