Political analysts and Liberal Party members expect Carney to call a national election shortly after taking power, to take advantage of polling momentum that suggests the governing Liberals and the Conservative Party are in a statistical tie.

Mark Carney, who was recently elected as the leader of the Liberal Party, will take oath as Canada's 24th Prime Minister along with his cabinet on Friday, CTV News reported. He will be taking the reins from Canadian Prime Minister Justin Trudeau after securing a win in the Liberal leadership on the first ballot held on Sunday.

OTTAWA — Incoming prime minister Mark Carney says he has put all his assets other than his “personal real estate” into a blind trust after months of Conservative questions about his potential conflicts of interest.