Mark Carney, a former central banker known for navigating financial crises, has been sworn in as Canada’s new prime minister, replacing Justin Trudeau. Carney’s leadership comes at a crucial time as Canada faces a trade war initiated by U.S. President Donald Trump and annexation threats. Carney has emphasized Canada’s distinct identity and sovereignty, stating that the country will not become part of the United States.

With a background in finance rather than politics, Carney aims to prioritize protecting Canadian workers, addressing unjustified trade actions, and growing the economy. He plans to diversify trade partnerships and strengthen security measures, as well as engage with international leaders such as French President Emmanuel Macron and U.K. Prime Minister Keir Starmer.

The surge in Canadian nationalism in response to Trump’s trade policies has boosted the Liberal Party’s electoral prospects, with Carney expected to trigger a general election soon. The election is likely to focus on who is best equipped to handle relations with the United States amidst Trump’s unpredictable behavior. Despite the challenges posed by the current geopolitical climate, Carney’s international reputation and experience are seen as assets in navigating Canada through these turbulent times.

The appointment of a new, smaller Cabinet reflects a shift in leadership, with key figures like François-Philippe Champagne as finance minister and Chrystia Freeland in a new ministerial role. As Canada braces for a period of uncertainty and economic challenges, Carney’s leadership will be closely watched to see how he steers the country through these complex geopolitical waters.