Mark Carney sworn in as Canada's new prime minister

Former central banker Mark Carney was sworn in as Canadas new prime minister on Friday and will now try to steer his country through a trade war brought by US President Donald Trump annexation threats and an expected federal electionCarney 59 replaces Prime Minister Justin Trudeau who announced his resignation in January but remained in power until the Liberal Party elected a new leader Carney is widely expected to trigger a general election in the coming days or weeksThe governing Liberal Party had appeared poised for a historic election defeat this year until Trump declared economic war and repeatedly has said Canada should become the 51st state Now the party and its new leader could come out on topCarney has said hes ready to meet with Trump if he shows respect for Canadian sovereignty and is willing to take a common approach a much more comprehensive approach for tradeCarney a former Goldman Sachs executive with no experience in politics becomes Canadas 24th prime ministerTrump put 25 per cent tariffs on Canadas steel and aluminum and is threatening sweeping tariffs on all Canadian products April 2 He has threatened economic coercion in his annexation threats and suggested the border is a fictional lineThe US trade war and Trumps talk of making Canada the 51st US state have infuriated Canadians who are booing the American anthem at NHL and NBA games Some are cancelling trips south of the border and many are avoiding buying American goods when they canThe surge in Canadian nationalism has bolstered the Liberal Partys chances in a parliamentary election expected within days or weeks and Liberal showings have been improving in opinion pollsCarney who navigated crises when he was the head of the Bank of Canada from 2008 and then in 2013 when he became the first noncitizen to run the Bank of England helping to manage the worst impacts of Brexit in the UK will now try to steer Canada through the trade war brought by TrumpHe will do very well Hes respected internationally former Prime Minister Jean Chreacutetien told reporters Friday But he added There is no magic solution This is not a normal situation Weve never seen someone who changes his mind every five minutes as president of the United States It creates problems everywhere not only in CanadaA new Cabinet is also being sworn in FranccediloisPhilippe Champagne becomes Canadas new finance minister the governments second most powerful position He was previously industry minister Dominic LeBlanc goes from finance to to intergovernmental affairsMeacutelanie Joly remains foreign minister Chrystia Freeland a former deputy prime minister and finance minister who lost to Carney in the Liberal Party leadership race becomes minister of transport and internal tradeThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever