Mark Carney Sworn as Canada's Prime Minister

Mark Carney, a former central banker, was officially sworn in as Canada's 24th Prime Minister on Friday, March 15, 2025, in a ceremony presided over by Governor General Mary Simon at Rideau Hall in Ottawa.

This historic moment marks a significant shift in Canadian leadership, as Carney becomes the first prime minister without substantial political experience.

The 59-year-old Carney, who previously led both the Bank of Canada and the Bank of England, takes office at a crucial time for Canada. The country faces mounting challenges, including escalating trade tensions with the United States and threats of tariffs from US President Donald Trump.

In his first act as Prime Minister, Carney unveiled a streamlined cabinet, reducing the number of ministerial positions inherited from his predecessor, Justin Trudeau. The new cabinet structure reflects Carney's focus on addressing the current economic and diplomatic challenges facing Canada.

Key appointments in Carney's cabinet include Dominic LeBlanc, who moves from Finance to the International Trade portfolio, and François-Philippe Champagne, who takes over as Finance Minister. Foreign Minister Mélanie Joly retains her position, underscoring the importance of continuity in Canada's international relations.

"We're building a government that meets the moment. Canadians expect action — and that's what this team will deliver," Carney stated in a social media post, emphasizing his commitment to swift and effective governance.

The new Prime Minister faces immediate challenges, particularly in managing relations with the United States.

Carney has expressed readiness to meet with President Trump, contingent on "respect for Canadian sovereignty." He has also maintained a firm stance on retaliatory tariffs against US goods, indicating they will remain in place until the US demonstrates respect towards Canada.

Looking ahead, Carney is expected to call a snap election within the next two weeks, according to Liberal Party insiders. This move would capitalize on the current momentum and allow Canadians to voice their support for the new leadership. However, opposition parties have signaled their intent to challenge the minority Liberal government in a confidence vote at the end of March if an election is not called.

As Carney prepares to navigate these complex political and economic waters, his unique background in financial crisis management and international diplomacy will be put to the test. The coming weeks and months will be crucial in determining the direction of Canada's domestic and foreign policy under its new leadership.