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Key portfolios for business community to watch as Carney’s cabinet sworn in

  • Prime Minister Mark Carney swore in a new cabinet on May 13 in Ottawa, emphasizing economic transformation and leadership.
  • Carney formed the cabinet to address economic challenges, including changes in Canada-U.S. Trade and the need for faster growth.
  • The cabinet features experienced ministers like François-Philippe Champagne in Finance and Mélanie Joly in Industry, both trusted by Carney and welcomed by business leaders.
  • Frank McKenna noted that Prime Minister Carney is highly dedicated to economic matters, while the Canadian Chamber of Commerce emphasized that the government's priority at this time should be focused on business.
  • Business leaders now feel cautiously encouraged as the new cabinet balances experience and financial expertise to rapidly reshape Canada's economic future.
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City News broke the news in Toronto, Canada on Tuesday, May 13, 2025.
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