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New Canadian PM Mark Carney says there’s progress in US trade talks

Randy Thanthong-Knight / Bloomberg
Randy Thanthong-Knight / Bloomberg • 4 min read
New Canadian PM Mark Carney says there’s progress in US trade talks
Carney’s swearing-in ushers out the Trudeau era, which was marked by expansive social programs that improved some measures of equality, but also saw gross domestic product per capita growth lag the country’s peers. Photo: Bloomberg
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Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US.

The former governor of the Bank of Canada and the Bank of England was officially installed as Canada’s leader at a ceremony in Ottawa on Friday, five days after the Liberal Party members voted overwhelmingly for him to replace Justin Trudeau as head of the party.

Carney, 59, appointed a cabinet that was smaller than Trudeau’s and will have a shorter shelf life, as an election is expected within weeks. He tapped Francois-Philippe Champagne to be his finance minister and moved Dominic LeBlanc to international trade, while keeping Melanie Joly as his foreign minister and David McGuinty as public safety minister.

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