OTTAWA – The Liberal government is immediately ending the consumer carbon price and made the change official during Prime Minister Mark Carney’s first cabinet meeting this afternoon. Carney says people who have been getting a rebate on the carbon price will get one final payment for the next quarter in April.

The former central bank chief takes over at what he has called a “time of great consequence” for Canada, with Trump attacking its sovereignty and economic security.

Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remained in power until the Liberal Party elected a new leader. Carney is widely expected to trigger a general election in the coming days or weeks.