Overview

• Mark Carney, a former central bank chief, has officially succeeded Justin Trudeau as Canada’s Prime Minister following his swearing-in ceremony in Ottawa.
• Carney emphasized Canada’s sovereignty, rejecting U.S. President Donald Trump’s remarks about Canada potentially becoming a U.S. state.
• He criticized Trump’s aggressive trade policies, including new tariffs on Canadian aluminum and steel, while expressing a willingness to collaborate if Canada’s sovereignty is respected.
• Carney’s leadership comes during a period of economic challenges and heightened U.S.-Canada tensions, with his government exploring stronger ties with Europe in response.
• Early elections are expected to be called within weeks, with polls showing a tight race between Carney’s Liberal Party and the opposition Conservatives.