HAMILTON, Canada

HAMILTON, Canada (AA) – Newly elected Liberal Party leader Mark Carney was sworn in on Friday as Canada's 24th prime minister at Rideau Hall in the capital Ottawa.

"We're a very focused government, focused on action," Carney told reporters outside Rideau Hall ahead of the swearing-in ceremony.

He also shared a post on X, saying: "Today, we're building a government that meets the moment. Canadians expect action — and that’s what this team will deliver."

"A smaller, experienced cabinet that moves faster, secures our economy, and protects Canada’s future," he added.

Outgoing Prime Minister Justin Trudeau officially resigned today, dissolving his 37-member Cabinet.

Carney, who won a decisive victory in the Liberal leadership race, pared his Cabinet ministers down to 24.

Key figures in Canada-US relations — Foreign Minister Melanie Joly, International Trade and Intergovernmental Affairs Dominic LeBlanc, Finance Minister Francois-Philippe Champagne — have kept their positions.

Former Finance Minister Chrystia Freeland, who also ran against Carney in the Liberal Party leadership race, was named as the minister of transport and internal Trade.

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.

Despite his lengthy resume, Carney is a political neophyte as he has never held elected office.