Who was just sworn in as Canada’s new Prime Minister?

In a major political shift, Mark Carney, the former head of the Bank of Canada and Bank of England, has officially become Canada’s new Prime Minister.

Carney, 59, replaces Justin Trudeau, whose at-times tense relationship with U.S. President Donald Trump shaped much of Canada–U.S. diplomacy in recent years. In his first remarks after taking office on Friday, Carney hinted at a more pragmatic approach, expressing willingness to work constructively with the current U.S. administration.

While Carney built his reputation in global finance, this marks his first elected political role — and one that places him in a delicate position as North America’s political and economic dynamics shift once again.

Observers are watching closely to see whether Carney can balance Canada’s progressive legacy with realpolitik diplomacy in a Trump-led White House.