Canada's new Prime Minister Mark Carney has taken the oath of office

"Carney took the oath and became Canada's 24th Prime Minister," the report states. He is expected to announce parliamentary elections soon.

Carney is a Canadian economist, financier, and public figure, former governor of the Bank of Canada and the Bank of England. He has been the leader of the ruling Liberal Party since March 9, 2025. Previously, Carney had not held political office and had not been active in parliament.

During the coronavirus pandemic, Carney advised Canadian Prime Minister Justin Trudeau's government on economic recovery issues. On January 16, 2025, he announced his candidacy for the leadership of the Liberal Party of Canada: at the beginning of January, the party leader and Canadian Prime Minister Justin Trudeau announced his resignation. According to the results of the internal elections held in March, Carney won with 85.9 percent of the votes.

Mark Carney is supporting closer cooperation with Europe and Asia to reduce dependence on trade with the U.S. against the backdrop of President Donald Trump's imposition of a 25 percent tariff on imports and the American leader's claims on Canadian sovereignty. Additionally, the new leader of the liberals has promised to implement fundamental economic reforms, including tax cuts for the middle class, reducing bureaucracy, and actively promoting innovation and investment.