Mark Carney has been sworn in as Canada’s new prime minister, replacing Justin Trudeau at a time when the country faces mounting tensions with the United States, including concerns over its sovereignty raised by U.S. President Donald Trump and an ongoing trade dispute with its biggest economic partner.
Carney, a former central banker with no prior political experience in Canada, now leads the Liberal Party as it prepares for an election later this year while tackling key national challenges.
His appointment follows Trudeau’s resignation earlier on Friday, marking the conclusion of his nearly ten-year tenure.
Trudeau had announced his departure in January amid declining support for the Liberal Party. However, public sentiment has since shifted in the party’s favor, driven in part by increasing opposition to Trump’s policies among Canadians.
In a farewell post on X, Trudeau thanked Canadians, stating, “Thank you, Canada – for trusting in me, for challenging me, and for granting me the privilege to serve the best country, and the best people, on earth.”
Carney, who previously served as the governor of both the Bank of Canada and the Bank of England, was elected Liberal Party leader in a decisive victory on March 9.
Having navigated global economic crises throughout his career, he now brings his expertise to political leadership.
Though the Liberal Party had pursued him for more than a decade, Carney only formally entered politics after Trudeau’s resignation.
Unlike his rivals, he assumes the role of prime minister without holding a parliamentary seat—an uncommon occurrence in Canadian politics.