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

A short while ago, Mark Carney was officially sworn in as Canada’s 24th Prime Minister at Rideau Hall in Ottawa, marking a new chapter in the nation’s leadership.

The ceremony, presided over by Governor General Mary Simon at 11:00 a.m. ET, followed Justin Trudeau’s resignation after nine years in office. Carney, a globally recognized economist and former central banker, steps into the role amid pressing challenges, including a looming trade war with the United States.

Born in Fort Smith, Northwest Territories, in 1965, Carney’s career spans finance, policy, and international diplomacy. He earned a bachelor’s degree in economics from Harvard University and a doctorate from Oxford University before embarking on a 13-year stint at Goldman Sachs.

His rise to prominence came as Governor of the Bank of Canada from 2008 to 2013, where he steered the country through the global financial crisis with steady leadership. In 2013, he made history as the first non-Briton to lead the Bank of England, serving until 2020 and earning praise for his pragmatic approach to monetary policy and climate finance.

Carney’s return to Canada and entry into politics followed years of speculation about his ambitions. Known for his focus on sustainability and economic resilience, he campaigned on uniting a divided nation and addressing trade tensions sparked by U.S. President-elect Donald Trump’s tariff threats. His swearing-in included a streamlined cabinet, reflecting his intent to govern efficiently during turbulent times.

As Trudeau departed with a farewell address, Carney took the oath of office surrounded by dignitaries, promising to prioritize economic stability and national unity. With his extensive experience and a reputation for calm under pressure, Canadians now look to Carney to navigate the complex road ahead.