The former central bank chief takes over at what he has called “a time of great peril” for Canada, with Trump attacking its sovereignty and economic security.

Former central banker Mark Carney is preparing to be sworn in as Canada’s new prime minister. Carney, 59, on Friday will replace Prime Minister Justin Trudeau, who announced his resignation in January but remained in power until the Liberal Party elected a new leader.

Mark Carney was sworn in as Canada’s 24th prime minister in a ceremony at Rideau Hall on Friday morning — along with a leaner Liberal cabinet that he said is focused on confronting the immediate threat of U.

Former central banker Mark Carney will become Canada’s next prime minister after a Liberal Party leadership vote in a landslide.

Mark Carney stepped into the international spotlight Sunday when Canada's ruling Liberal party chose the former central banker to succeed Justin Trudeau as the country's next prime minister.

"That transition will be seamless and it will be quick," Carney said after meeting Trudeau, who is stepping down after more than nine years in power.

Why it matters: Liberal Party members' vote for Mark Carney, former governor of the Banks of Canada and England, comes as the Liberals are experiencing a polling boost amid widespread opposition to President Trump's U.S. policies targeting its northern neighbor.