Mark Carney Sworn In as Canada’s 24th Prime Minister

The former central banker steps into leadership during heightened tensions with the U.S. and ahead of upcoming elections.

Mark Carney, a former central banker with no prior political experience, officially became Canada’s 24th Prime Minister on March 14, 2025, succeeding Justin Trudeau.
Carney assumes office during a period of strained U.S.-Canada relations, marked by Donald Trump’s trade tariffs and rhetoric about Canada becoming a U.S. state.
Known for his technocratic expertise, Carney has vowed to defend Canada’s sovereignty and strengthen its economic competitiveness through green investment strategies.
He faces immediate challenges, including managing U.S. tensions and preparing for federal elections required by October, with polls showing a tight race against Conservative leader Pierre Poilievre.
Carney is Canada’s first Prime Minister without prior experience as a Member of Parliament or Cabinet Minister, bringing a unique background as a former Goldman Sachs banker and central bank governor.