Carney, a political novice, will take over at a tumultuous time in Canada, which is in the midst of a trade war with longtime ally the United States and must hold a general election soon.

Justin Trudeau made a playful exit from the House of Commons on March 10, one day after giving his farewell speech and making way for a new Canadian prime minister

"That transition will be seamless and it will be quick," Carney said after meeting Trudeau, who is stepping down after more than nine years in power.

Justin Trudeau has officially stepped down as the Prime Minister of Canada. Trudeau resigned on Friday after nearly a decade in power. He had announced his resignation in January, as polls indicated that his Liberal Party was likely to face defeat in the upcoming election.