Liberal Leader Mark Carney will be be sworn in as Canada’s new prime minister on Friday, Gov. Gen. Mary Simon’s office confirmed Wednesday.
A statement said a swearing-in ceremony for Carney and his cabinet will be held at Rideau Hall at 11 a.m. Eastern.
Carney will replace outgoing Prime Minister Justin Trudeau after winning a race for the Liberal leadership on Sunday, becoming Canada’s 24th prime minister.
The former governor of the Bank of Canada and the Bank of England does not have a seat in the House of Commons has never held political office before, though he has served both Conservative and Liberal governments as an economic and financial advisor.
Carney told reporters after his first meeting with the Liberal cabinet in Ottawa on Monday that he expected the transition “will be seamless and it will be quick.”
He will take the reins of government amid a growing trade war with the U.S. launched by President Donald Trump, and will be under pressure to steer Canada’s response.
He has vowed to keep Canada’s counter-tariffs in place until all of Trump’s tariffs are lifted, and use the proceeds to support Canadian workers impacted by U.S. tariffs.
Carney told reporters in Hamilton on Wednesday that he’s ready to meet with Trump if he shows “respect for Canadian sovereignty″ and is willing to take ”a common approach, a much more comprehensive approach for trade.”
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The White House said on Tuesday that Trump has yet to speak with Carney but that the president’s phone is “always open” to world leaders.
U.S. Commerce Secretary Howard Lutnick told Fox Business on Wednesday that the Trump administration will wait to negotiate with the Canadian government for when there’s a new prime minister after a looming federal election.
Lutnick is set to meet with Ontario Premier Doug Ford and federal Finance Minister Dominic LeBlanc at the White House on Thursday. Ford told reporters in Toronto he spoke to Carney Wednesday morning.
“I think it’s just to level-set things, make sure we know each other,” Lutnick said about the upcoming meeting. “And then we are going to negotiate with all of Canada, so obviously we are going to wait for there to be a new prime minister and then we’re going to talk.”
A snap election could be called soon after Carney is sworn in.
Parliament is prorogued until March 24, and opposition leaders have vowed to vote non-confidence and bring down the Liberal government at the earliest opportunity — but Carney could trigger an election before they get the chance.
Trudeau announced in January he would step down as prime minister and Liberal leader after nine years in power once the Liberals elect his successor. He has confirmed he will not run for re-election as an MP.
His resignation came after more than a year of sinking poll numbers and calls from with his Liberal caucus to resign in order for the party to stand a chance against the Conservative Party, which pollsters were predicting were heading for a majority in the next election.
Polls have since tightened dramatically since Trudeau announced his exit and Trump’s increasing attacks on Canada’s economy and sovereignty. The latest Ipsos survey of Canadian voters for Global News in late February showed the Liberals beating the Conservatives for the first time since 2021.
Carney, who overwhelmingly won the Liberal leadership race with more than 80 per cent of the vote, was seen by members as the candidate best positioned to take on Conservative Leader Pierre Poilievre as well as Trump.
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