Mark Carney has officially been sworn in as Canada’s new prime minister, beginning a new phase in Ottawa with a promise to focus on economic renewal. In his first address, Carney said his government would move quickly on the issues weighing on households, especially housing affordability and weak productivity.

The former central banker, now leading the country at a moment of global uncertainty, framed his early agenda around restoring confidence in Canada’s economy. His remarks suggested a policy push aimed at easing cost-of-living pressure while encouraging investment and long-term growth.

Carney’s arrival in office marks a significant political transition for Canada, with expectations now centered on how his government will translate broad economic promises into concrete policy. The first tests will likely come in areas such as housing supply, labor-market performance, and broader efforts to improve competitiveness.

For Canadians dealing with rising living costs, the new prime minister’s early message was one of urgency and ambition. Whether that translates into measurable change will depend on how quickly his administration can deliver results.