LIVE: Mark Carney Swearing-In As Canada Prime Minister | World News
Mark Carney takes oath as Canada’s 24th Prime Minister.
A banker by profession, Mark Carney was head of Canada’s Central Bank and had navigated several crises successfully; he was the first non-citizen to run the Bank of England since its foundation in 1694. Mark Carney has often been appreciated and credited for cutting interest rates to the lowest – up to 1 per cent, to keep the money flowing through the Canadian economy. He was praised after Canada had one of the quickest recoveries from the 2008 financial crisis, as compared to many other countries.
59-years-old Mark Carney declared his candidacy in January and has been picking up endorsements from the Cabinet Ministers and the Members of Parliament ever since.
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