Mark Carney was sworn in as Canada's 24th prime minister and faces immediate challenges, including negotiating with President Trump amid U.S. tariffs and threats directed at Canada. As he steps into this leadership role, he must also navigate a federal election campaign due by May, despite only holding a minority in Parliament. Carney, who has an extensive background in financial governance, replaces Justin Trudeau after nearly a decade. His prior roles include serving as the governor of the Bank of Canada and the Bank of England, providing him with significant economic expertise to handle the challenges ahead.
He will have no time to ease into his role. Canada is experiencing a period of severe instability as its relationship with its closest ally, the United States, has been plunged into an extraordinary crisis since President Trump was elected.
Mr. Carney will attempt to negotiate with Mr. Trump, who has unfurled a slew of tariffs and threats on Canada including a desire to take over the country entirely, while simultaneously heading straight into a campaign for a federal election.
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