Ottawa, March 15 -- Mark Carney was sworn in as the new Prime Minister here on Friday, formally replacing Justin Trudeau, the media reported.

Carney, who is also an economist, took the oath of the office in the presence of General Mary Simon, the personal representative of Canada's head of state, King Charles.

According to geopolitical analysts, the change of leadership assumes significance in the backdrop of a slide in relations with the US under the new Donald Trump-led administration.

The 59-year-old Carney is a former governor of the Bank of Canada and Bank of England.

According to reports, he took the oath in both English and French.

Carney has left behind others who were in the race to become leader of the ruling Liberal Party,...