World

Mark Carney Sworn In As Canada’s New Prime Minister

According to media reports, Mark Carney was officially sworn in as Canada’s Prime Minister on Friday, succeeding Justin Trudeau.

Carney, an economist and former central banker, took the oath of office in a ceremony attended by General Mary Simon, the Governor General of Canada, who serves as the representative of King Charles.

Geopolitical analysts noted that the leadership change is significant, especially in light of the deteriorating relations between Canada and the United States under President Donald Trump’s administration.

At 59 years old, Carney has had a distinguished career, having served as Governor of both the Bank of Canada and the Bank of England.

Despite limited political experience, his expertise in handling complex economic crises set him apart in the race for the Liberal Party leadership.

Carney’s first major challenge will likely be repairing ties with the US, which have reached a low point.

In response to this, he has reportedly planned a Cabinet reshuffle, including moving Finance Minister Dominic LeBlanc to the international trade role and appointing Innovation Minister Francois-Philippe Champagne as Foreign Minister.

The changes aim to strengthen Canada’s European alliances, with Carney set to visit London and Paris next week.

Carney’s leadership comes after Justin Trudeau’s tenure, which lasted over nine years.

In his inaugural speech, Carney reaffirmed his commitment to protecting Canada’s sovereignty, stating that he would only engage with President Trump under conditions of mutual respect.

Canadian Foreign Minister Melanie Joly has confirmed that efforts are underway to facilitate a phone call between Carney and Trump to discuss bilateral issues.

Also Read: PM Modi Receives Grand Welcome In Mauritius As Thousands Throng Streets

Mankrit Kaur

Recent Posts

Swiggy Partners With Labour Ministry To Create 12 Lakh Jobs

The Ministry of Labour and Employment has partnered with Swiggy to generate lakhs of jobs…

11 mins ago

India Positioned To Handle Trump-Era Tariffs Better, Says ITC Chairman Sanjiv Puri

India is better prepared to manage trade disruptions caused by tariffs introduced by President Donald…

14 mins ago

Indian Railways Forecasts 5% Revenue Growth In FY’26; Led By Wagon Manufacturers

The Indian railway sector is projected to see a 5% revenue growth in FY'26, driven…

23 mins ago

Indian Equities Rally As Nifty 50 Recovers Tariff-Driven Losses; Signals Market Resilience

Indian equities surged as the Nifty 50 jumped 2.4% on Tuesday, making India the first…

33 mins ago

India’s First On-Board ATM Trial Successful On Panchavati Express

India's first ATM aboard a train had a successful trial on the Panchavati Express, offering…

1 hour ago

India’s Auto Sector Logs 7.3% Growth; FY25 Passenger Vehicle Sales At Record High

India's auto sector recorded a 7.3% growth in domestic sales in FY25, with passenger vehicles…

2 hours ago