Mark Carney Sworn In as Canada’s 24th Prime Minister
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Mark Carney Sworn In as Canada’s 24th Prime Minister

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Adriana Alarcón By Adriana Alarcón | Journalist & Industry Analyst - Fri, 03/14/2025 - 15:45

Mark Carney was officially sworn in as Canada’s 24th Prime Minister. Alongside him, members of the 30th Canadian Ministry also took their oaths of office, forming a new, streamlined cabinet.

The newly appointed Cabinet is designed to be action-oriented, incorporating experienced leaders alongside fresh voices. This diverse team is tasked with addressing key national priorities, including economic growth, national security, and affordability for Canadians. The 30th Canadian Ministry consists of 23 ministers in addition to the Prime Minister, reflecting a strategic effort to make government more efficient and effective.

The key members of Carney’s Cabinet include:

  • Dominic LeBlanc: Minister of International Trade and Intergovernmental Affairs, and President of the King’s Privy Council for Canada  

  • Mélanie Joly: Minister of Foreign Affairs and International Development  

  • François-Philippe Champagne: Minister of Finance  

  • Anita Anand: Minister of Innovation, Science, and Industry  

  • Bill Blair: Minister of National Defence  

  • Jonathan Wilkinson: Minister of Energy and Natural Resources  

  • Chrystia Freeland: Minister of Transport and Internal Trade  

  • Kamal Khera: Minister of Health  

  • Rachel Bendayan: Minister of Immigration, Refugees, and Citizenship  

  • Terry Duguid: Minister of Environment and Climate Change  

In his inaugural address, Prime Minister Carney emphasized the government’s commitment to tackling the most pressing issues Canadians face today. He outlined a focused agenda centered on:

  • Protecting Canadian workers and families, which will respond to trade disputes and economic pressures by fostering a resilient domestic economy.

  • Economic growth and affordability by strengthening Canada’s position as an energy superpower in both conventional and clean energy sectors.

  • Housing and infrastructure development by implementing policies to build millions of homes and improve community infrastructure.

  • Trade and global partnerships by creating new trade corridors with reliable international partners to enhance economic stability.

“This team is built for immediate action and focused on protecting Canadian workers, supporting their families, and growing this great country. We are changing how things work so our government can deliver to Canadians faster, and we have an experienced team that is made to meet the moment we are in,” stated Carney.

Trade Relations and Trump’s Tariff Policies

Carney highlights his commitment to protecting Canadian workers from unjustified foreign trade actions, particularly from the United States. In reference to US President Donald Trump’s history of imposing tariffs on Canadian goods, says that Canada will not tolerate trade policies that disadvantage its industries.

“The nature of Canada means we will not [be part of the United States]. The economics means we should not,” says Carney, highlighting the country’s unique economic and political identity. He stressed the importance of a balanced, respectful trade relationship, asserting that Canada, as the United States’ largest trading partner in many sectors, expects fair treatment.

While acknowledging Trump’s focus on American workers and jobs, Carney also underscores that his administration’s priority is to protect Canadian workers and businesses. He expressed a willingness to engage in dialogue with Trump to foster a mutually beneficial economic partnership.

Carney has had a career in both public and private sectors. A graduate of Harvard University and Oxford University, he has held prominent financial positions, including serving as Governor of the Bank of Canada from 2008 to 2013 and later as Governor of the Bank of England from 2013 to 2020. He also holds experience in global financial governance, including roles with the Financial Stability Board and the World Economic Forum.

Mexican President Claudia Sheinbaum says that there will be an “opportunity to talk” with Canada’s new Prime Minister Mark Carney following his inauguration. She adds that she expects the USMCA to remain in place for the benefit of all three nations, MBN reported.

Photo by:   Bank of England

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