Former central banker Mark Carney will officially take office as Canada’s next prime minister on Friday morning, along with his cabinet, the governor general’s office announced on Wednesday.

Carney, who was overwhelmingly elected as the new Liberal Party leader on Sunday with 86 percent of the votes, had promised a “seamless and quick” transition after Justin Trudeau’s resignation in January following nearly a decade in power.

At 59, Carney is a political newcomer but brings extensive financial expertise, having previously led both the Bank of Canada and the Bank of England. His entry into politics comes amid ongoing trade tensions with the United States.

In his victory speech, he signaled a strong stance on trade relations with Washington, declaring, “In trade as in hockey, Canada will win.”

On Wednesday, Carney expressed willingness to negotiate with US President Donald Trump, stating he was “ready to sit down” to discuss a renewed trade agreement and prevent further economic disputes.

The transition follows recent trade clashes, including a 25 percent US tariff on steel and aluminum imports, which led Canada to impose retaliatory tariffs.