Mark Carney is set to be inaugurated as Canada's new prime minister on Friday, ending Justin Trudeau's over nine-year tenure. The oath ceremony, to be overseen by Governor General Mary Simon, will take place at 11 a.m., as announced by her office.
Carney, a former central bank chief of both Canada and England, won the leadership of the Liberal Party of Canada last Sunday, securing the position as Canada's 24th prime minister. He assumes office during a challenging period as Canada navigates a complex relationship with the United States and gears up for an imminent general election.
Reports suggest that Carney's cabinet will be significantly smaller than Trudeau's current one, with approximately 15 to 20 ministers, notably downsized from the existing 37, as relayed by a source cited by Bloomberg.