Mark Carney, former governor of the Bank of Canada and the Bank of England, has been elected as the new leader of Canada’s Liberal Party, succeeding Justin Trudeau as Prime Minister. Carney secured 85.9% of the votes in the leadership race, defeating former Finance Minister Chrystia Freeland.

This leadership change occurs amid heightened tensions with the United States, particularly concerning trade policies under President Donald Trump. Carney has criticized Trump’s aggressive stance, including the imposition of tariffs and suggestions of annexing Canada as the 51st state, stating that such actions threaten Canada’s sovereignty and way of life.

In response to U.S. tariffs, Carney has vowed to maintain retaliatory measures until the U.S. demonstrates respect for Canada’s interests. His administration is expected to focus on navigating these economic challenges and strengthening Canada’s position on the global stage.

Carney’s election marks a significant shift in Canadian politics, as he becomes the first Liberal prime minister from western Canada and the first political outsider to assume the role. His leadership is viewed as a potential turning point for the Liberal Party, which has faced declining public support in recent years.

As Carney prepares to assume office, he faces the immediate challenge of addressing the trade dispute with the U.S. and restoring Canada’s economic stability. His administration’s approach to these issues will be closely watched both domestically and internationally.