WORLD NEWS: MARK CARNEY TO BE SWORN IN AS CANADA PM FRIDAY

March 13, 2025March 13, 2025

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The governor general’s office said Wednesday that former central banker Mark Carney and his cabinet will take the oath of office as Canada’s next prime minister on Friday morning.

As he succeeds Justin Trudeau, who announced his resignation in January after almost a decade in office, the new Liberal leader had pledged a “seamless and quick” transition.

Carney, a 59-year-old political neophyte, won 86 percent of the more than 150,000 votes cast on Sunday, making him the Liberal Party’s new leader.

His jump into politics, after formerly heading the Bank of Canada and the Bank of England, comes at a time of trade tensions with the United States.

In his victory speech to supporters, Carney struck a defiant tone towards Washington, saying: “In trade as in hockey, Canada will win.”

On Wednesday he said he was “ready to sit down” with US President Donald Trump to negotiate a renewed trade accord in a bid to avoid further economic tussling.

A 25 percent levy on steel and aluminum imports into the United States took effect earlier. Canada hit back with retaliatory tariffs.