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

Justin Trudeau resigns after nine years in office, with Carney expected to unveil a smaller cabinet and potentially call a snap election.

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Carney won the race to become leader of Canada's ruling Liberal Party on Sunday.
Mark Carney is sworn in as prime minister of Canada in Ottawa on Friday.
Liberal Leader Mark Carney talks to media as he leaves the prime minister's office and makes his way to a caucus meeting in Ottawa, Monday, March 10, 2025.

Overview

  • Mark Carney, former governor of the Bank of Canada and Bank of England, will officially become Canada’s 24th prime minister in a ceremony at Rideau Hall at 11 a.m. ET.
  • Outgoing Prime Minister Justin Trudeau submitted his resignation to Governor-General Mary Simon this morning after serving over nine years in office.
  • Carney is expected to announce a leaner cabinet, retaining key ministers handling U.S. relations amid ongoing trade tensions with President Trump’s administration.
  • Speculation is growing that Carney may trigger a snap election in the coming days or weeks to secure a seat in Parliament and solidify his leadership mandate.
  • The transition comes during heightened trade disputes, with Carney pledging to uphold counter-tariffs and strengthen Canada’s sovereignty and economic resilience.