Mark Carney is a newcomer to elected politics, with decades of experience in finance. After his landslide victory, he pledged to continue tariffs on the U.S. "until the Americans show us respect."

Political analysts and Liberal Party members expect Carney to call a national election shortly after taking power, to take advantage of polling momentum that suggests the governing Liberals and the Conservative Party are in a statistical tie.

Former Central banker Mark Carney will be sworn in as Canada’s next prime minister on Friday morning along with his cabinet, the governor general’s office announced on Wednesday. The new Liberal leader had promised a “seamless and quick” transition as he takes over from Justin Trudeau,