Carney, a former Goldman Sachs executive with no experience in politics, becomes Canada's 24th prime minister.

Mark Carney has been sworn in as Canada's new prime minister as the nation faces Trump's trade war. 'We're his largest client in so many industries,' Carney says.

The Liberal government in Canada has ended the consumer carbon price immediately. This decision was made official during Prime Minister Mark Carney’s first cabinet meeting on Friday afternoon. Carney stated that people who have been getting a rebate on the carbon price will get one final payment for the next quarter in April.