Mike Carney to be sworn in as Canada prime minister on Friday

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 MinisterPrime MinisterPrime Minister Justin Trudeau after securing a win in the Liberal leadership on the first ballot held on Sunday.

Canada's Governor General Mary Simon's office has said the swearing-in ceremony of the prime minister and members of the Canadian ministry will take place in the Rideau Hall ballroom at 11 am EDT.

On his first day as Liberal leader, Carney met Trudeau at the Prime Minister's Office to discuss about how long of a transition period would be needed. By the end of the day, Carney stated the changeover would be "seamless" and "quick," according to the CTV News report.