Mark Carney, the former head of the Bank of England, was sworn in as the prime minister of Canada on March 14, 2025 Friday.

In light of the trade conflict initiated by US President Donald Trump, he will require the full extent of his expertise in managing global economic crises.

Carney was born in the isolated northern village of Fort Smith, in the Northwest Territories, despite having worked in cities such as New York, London, and Tokyo.

Carney is a dual citizen of Canada and Ireland, as three of her four ancestors are from County Mayo, Ireland.

He was granted British citizenship in 2018, but he has recently declared his intention to renounce his British and Irish citizenships.

He believes that the prime minister should only hold Canadian citizenship.

He attended Harvard University on scholarship, where he competed in the most Canadian of sports, ice hockey, and was the son of a high school principal.

He received his PhD in economics from Oxford University in 1995, where he wrote his thesis on the potential of domestic competition to enhance the competitiveness of an economy on a national scale.

In a press release issued by the university subsequent to Carney’s victory in the leadership contest, Meyer, his former doctoral supervisor, recollected that “Mark was an extraordinarily versatile student, rapidly mastering new approaches, perspectives, and challenges.”

“These skills will undoubtedly serve him well as he leads Canada during these turbulent times.”

In 2013, Mark Carney became the first non-British individual to serve as the governor of the Bank of England in its more than 300-year history.

He had previously served as the governor of the Bank of Canada, the country’s central bank, during the Great Recession.

Subsequently, he was recruited to assume the position of the country’s top financial official in Britain.

However, unlike the majority of potential candidates for the position of Prime Minister, Carney has never held a political office.

Nevertheless, he emerged victorious in the competition to succeed the departing Prime Minister, Justin Trudeau.

Currently, he is tasked with guiding the nation through one of its most formidable obstacles to date: an intensifying trade conflict with its largest trading partner, the United States.

However, maintaining the position of Prime Minister will be a significant challenge in and of itself.

The upcoming federal election in Canada is scheduled for October; however, it is widely anticipated that Carney will hold it shortly after his inauguration.