Mark Carney, former Governor of Bank of Canada and Bank of England, has been sworn in as Canada’s 24th prime minister.
Gatekeepers News reports that Carney succeeds Justin Trudeau, who announced plans to resign on January 6, 2025.
During the ceremony that took place at Rideau Hall in Ottawa, Carney stated his government’s focus on immediate action to address the nation’s challenges.
Carney assumes leadership at a critical time when Canada is deeply entrenched in escalating trade tensions with United States (US).
President Donald Trump’s administration has imposed tariffs on Canadian goods and said Canada should become a part of US as the 51st state.
The PM dismissed any notion of Canada becoming 51st U.S. state, saying, “We will never, ever, in any way, shape or form, be part of the United States. America is not Canada.”
Carney expressed his willingness to collaborate with Trump despite the challenges posed by the trade dispute.
He underscored the importance of maintaining respectful bilateral relations while defending Canada’s economic interests.
The PM restructures the cabinet to enhance governmental efficiency, appointing François-Philippe Champagne as Finance Minister and moving Dominic LeBlanc to International Trade.
Carney also outlined plans to eliminate the carbon tax, address housing affordability, and diversify trade partnerships to strengthen Canada’s economy.
