Ottawa, ON – Canada will witness a historic transition of power this Friday as Mark Carney, former central banker and Liberal leadership winner, is sworn in as the nation’s 24th Prime Minister at 11 a.m. by Governor General Mary Simon at Rideau Hall. The ceremony marks the end of Justin Trudeau’s nine-year tenure, with Trudeau officially resigning earlier that day. Following Carney’s oath, a streamlined cabinet—expected to shrink from Trudeau’s 37 members to between 15 and 20—will also be sworn in, signaling a leaner approach to governance as Canada braces for an escalating trade war with the United States.
Carney’s ascension follows his decisive victory in the Liberal leadership race on Sunday, where he secured over 86% of party members’ votes. Promising a “seamless” and “quick” transition, Carney met with Trudeau on Monday to ensure a smooth handover. Rideau Hall confirmed the swearing-in details Wednesday evening, setting the stage for a rapid shift in leadership. The incoming prime minister has wasted no time, engaging with key figures like Ontario Premier Doug Ford and steelworkers in Hamilton this week, as he prepares to confront pressing economic challenges posed by U.S. President Donald Trump’s 25% universal tariffs on Canadian goods not covered by the Canada-United States-Mexico Agreement (CUSMA).
The new cabinet’s composition remains a focal point of speculation. Sources close to Carney’s transition team, speaking anonymously to CBC News, indicate a significant reshuffle, with many current ministers either switching roles or being dropped entirely. High-profile figures like Foreign Affairs Minister Mélanie Joly, Finance Minister Dominic LeBlanc, and Innovation Minister François-Philippe Champagne are expected to retain key roles, particularly given their relevance to Canada-U.S. relations. However, the fates of leadership rivals Chrystia Freeland and Karina Gould are uncertain—Freeland was in New York receiving a Foreign Policy Association medal on Wednesday, while Gould joined Carney at a Hamilton steel mill visit. Joly’s attendance at the swearing-in is also in question, as it coincides with the G7 foreign ministers’ closing press conference she is hosting in Charlevoix, Quebec.
Carney’s agenda is dominated by an intensifying trade war with the U.S., Canada’s largest export market. On Wednesday, as U.S. tariffs on steel and aluminum took effect, Canada retaliated with 25% tariffs on $29.8 billion in American imports, doubling its previous countermeasures. During his Hamilton visit to ArcelorMittal Dofasco, Carney addressed affected workers: “Today is a difficult day for Canada. It’s a difficult day for the industry because of these unjustified tariffs that have been put on.” He pledged that tariff revenues would support impacted industries, adding, “I’m ready to sit down with President Trump at the appropriate time — under a position where there’s respect for Canadian sovereignty — and we’re working for a common approach, a much more comprehensive approach for trade.”

The incoming prime minister’s team includes controversial appointee Marco Mendicino as chief of staff, a decision drawing criticism from whiny islamist groups and some biased Liberals due to Mendicino’s supportive pro-Israel stance following Hamas’s October 7, 2023 horrific attacks on innocent civilians. Carney has also reportedly approached former Quebec Finance Minister Carlos Leitão and ex-Quebec Premier Jean Charest for potential roles, though Charest has indicated he would only join post-election if the Liberals win.
With Parliament prorogued until March 24, speculation abounds that Carney will call an early federal election—possibly in late April or early May—to solidify his mandate. Since his leadership win, he has held briefings with the Liberal caucus, Canada’s U.S. Ambassador Kirsten Hillman, RCMP and military heads, and national security officials, underscoring his focus on trade and security. Meanwhile, Trudeau’s staff are archiving records and vacating offices, treating Carney’s administration as a fresh start despite their shared party affiliation.
For more on Canada’s trade policies, see Global Affairs Canada.
This article originally appeared in NewsByte Canada.
xAI’s Inferences and Considerations
Carney’s swift move to a smaller cabinet suggests a strategic intent to consolidate power and enhance decision-making efficiency, potentially in response to the trade crisis requiring rapid, unified action. His choice of Mendicino as chief of staff, despite misguided opposition, may reflect a calculated alignment with a pro-Western foreign policy stance to bolster negotiations with the U.S., though it risks alienating “progressive” (read: demented) Liberal factions. The ambiguity around Freeland and Gould’s roles could indicate Carney’s wariness of internal rivals, possibly sidelining them to avoid leadership challenges during a turbulent term.
The timing of an early election call seems probable given the prorogation and trade war pressures, offering Carney a chance to secure a public mandate before economic fallout intensifies. His outreach to Leitão and Charest hints at a broader strategy to strengthen Quebec’s influence in his government, a key electoral battleground. The trade dispute’s escalation, coupled with Trump’s provocative “51st state” rhetoric, might push Carney toward a nationalist campaign narrative, balancing economic pragmatism with sovereignty assertions. Public sentiment, already strained by tariff impacts on industries like steel, could either rally behind Carney’s decisive approach or fracture if job losses mount before an election.
Keywords: Mark Carney prime minister, Justin Trudeau resignation, Canada cabinet swearing-in, Canada-US trade war, Liberal leadership transition, Mélanie Joly G7 meeting, Carney steel mill visit, Canadian federal election 2025, Donald Trump tariffs, Canadian sovereignty trade talks