Mark Carney to Succeed Trudeau as Canada's Prime Minister After Landslide Party Win

Mark Carney, 59, former governor of the Bank of Canada and the Bank of England, has been elected leader of Canada's ruling Liberal Party in a landslide vote, securing 85.9% support. He is set to succeed Justin Trudeau as the country's next prime minister. Carney met with outgoing Prime Minister Justin Trudeau to prepare for a swift transition of power. The swearing-in ceremony is scheduled for Friday, March 14, 2025, at 11 a.m. ET at Rideau Hall, where Governor General Mary Simon will preside. Upon taking office, Carney is expected to reduce the size of the cabinet from 37 ministers to between 15 and 20, signaling a shift towards a leaner government. His administration will face immediate challenges, including addressing trade tensions arising from U.S. President Donald Trump's recent tariff threats.