Mark Carney to take oath as Canada's PM on Friday

Ottawa: Mark Carney, who was recently elected as the leader of the Liberal Party, will take oath as Canada's 24th Prime Minister along with his cabinet on Friday, CTV News reported. He will be taking the reins from Canadian Prime Minister Justin Trudeau after securing a win in the Liberal leadership on the first ballot held on Sunday. Canada's Governor General Mary Simon's office has said the swearing-in ceremony of the prime minister and members of the Canadian ministry will take place in the Rideau Hall ballroom at 11 am EDT.

On his first day as Liberal leader, Carney met Trudeau at the Prime Minister's Office to discuss about how long of a transition period would be needed. By the end of the day, Carney stated the changeover would be "seamless" and "quick," according to the CTV News report. In



the days since, Carney has been holding meetings with key officials in Ottawa and beyond and work has been done behind the scenes to execute the transition of power, both from a bureaucratic and a security standpoint.

The report stated citing a spokesperson, that the former Bank of Canada and Bank of England has divested all his assets into a blind trust. Trudeau would visit the governor general on Friday and officially tender his resignation. Then, Carney would take oaths of office and allegiance. Canada's new PM would unveil his new ministry, which comprises all his cabinet picks. Many of the main players who hold portfolios central to managing US President Donald Trump's tariffs backed Carney during the leadership race, CTV News reported.