Mark Carney's Unexpected Ascent: From Central Banker to Canadian Prime Minister

Mark Carney, former central banker, will be sworn in as Canada's Prime Minister, replacing Justin Trudeau. With no significant political experience, Carney aims to address trade tensions with the U.S. A snap election is expected soon, with Liberals facing a tough race against Conservatives.

Mark Carney, once at the helm of central banks, is set to be inaugurated as Canada's Prime Minister on Friday. Carney's ascent to the nation's highest office marks a significant shift, given his absence of political background.

In a ceremony overseen by Governor General Mary Simon, Carney will succeed Justin Trudeau, who concluded over nine years of leadership. Carney's election victory within the Liberal Party came as he highlighted his outsider status and crisis management skills to confront U.S. President Donald Trump's tariff threats.

Despite this political win, Carney faces immediate challenges. He intends to maintain retaliatory tariffs on U.S. goods until Canada receives due respect, and plans to quickly call a snap election due to the current minority government position. Polls suggest a tight contest against the Conservatives.

(With inputs from agencies.)