Mark Carney to be sworn in as Canada’s premier on Friday

Governor General Mary Simon will preside over the swearing-in ceremony at 11 a.m. local time, her office said in a statement on Wednesday.

Outgoing Prime Minister Justin Trudeau will officially resign the same day, dissolving his 37-member Cabinet.

Carney, who won a decisive victory in the Liberal leadership race, is expected to appoint a significantly smaller team, with sources cited by public broadcaster CBC indicating that 15 to 20 ministers will take the oath alongside him.

His transition team has spent the past two days informing ministers of their roles, with many expected to be reassigned or dropped from the Cabinet.

Key figures in Canada-US relations — Foreign Minister Melanie Joly, Finance Minister Dominic LeBlanc, and Innovation Minister François-Philippe Champagne — are expected to retain their positions.

One of Carney’s immediate challenges will be addressing trade tensions with the US. Speaking in Hamilton during a visit to steel manufacturer ArcelorMittal Dofasco, the prime minister-designate criticized US President Donald Trump’s new 25% tariffs on steel and aluminum, which took effect Wednesday. In response, Canada has imposed retaliatory tariffs of the same percentage on nearly $30 billion worth of US imports.

Carney is a former governor of the Bank of Canada and the Bank of England. He also worked at Goldman Sachs and played a key role in steering Canada through the 2008 financial crisis.