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Mark Carney to Be Sworn In as Canada's 24th Prime Minister on Friday

The former Bank of Canada governor takes office following his decisive Liberal Party leadership win, with plans to address U.S. trade tensions and call a snap election.

Liberal Party of Canada Leader Mark Carney delivers his speech after being announced as the winner of the party leadership in Ottawa on Sunday, March 9, 2025. THE CANADIAN PRESS/Sean Kilpatrick
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Liberal Leader Mark Carney will become the 24th prime minister of Canada, replacing Justin Trudeau.

Overview

  • Mark Carney will officially become Canada's 24th prime minister on Friday, succeeding Justin Trudeau after winning 85.9% of the Liberal Party leadership vote.
  • Carney, a political newcomer and former central banker, aims for a seamless transition and is expected to call a snap federal election before Parliament resumes on March 24.
  • The new prime minister faces escalating trade disputes with U.S. President Donald Trump, who recently imposed new tariffs on Canadian aluminum and steel.
  • Carney has pledged to maintain retaliatory tariffs on U.S. goods until fair trade practices are restored, with proceeds directed to support affected Canadian workers.
  • Key cabinet appointments are anticipated, with Dominic LeBlanc and Mélanie Joly likely to retain their roles due to their involvement in ongoing trade negotiations.