Trade war turmoil is weighing heavily on financial markets in Canada. Canada's main stock index has been tumbling along with U.S. indexes since President Donald Trump initiated a trade war with his North American neighbors.

The former central bank chief takes over at what he has called “a time of great peril” for Canada, with Trump attacking its sovereignty and economic security.

Carney is due to name a cabinet that will likely not be in office for long, since Liberal insiders say he will call a snap election in the coming days. If he changes his mind, opp

Former central banker Mark Carney was sworn in as Canada’s new prime minister on Friday, and will now try to steer his country through a trade war brought by U.S. President Donald Trump, annexation threats and an expected federal election.