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

  • Prime Minister Mark Carney swore in his new cabinet focused on economic portfolios on May 13 in Ottawa.
  • Carney reshaped his cabinet to emphasize economic transformation amid optimism and cautious wariness among business leaders.
  • Key appointments include Franois-Philippe Champagne as Finance Minister, Melanie Joly as Industry Minister, and Alan Hodgson leading Energy, signaling a blend of experience and fresh perspectives.
  • Business leaders expressed cautious optimism, emphasizing that the government should prioritize economic activity and act promptly to enhance growth and productivity.
  • This cabinet setup indicates Carney will centrally guide economic policy while ministers help rapidly reshape Canada's economy and manage changing trade relations.
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City News broke the news in Toronto, Canada on Tuesday, May 13, 2025.
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