Former governor of the Bank of Canada and the Bank of England Mark Carney is set to step into the role of Canada's new prime minister, replacing Justin Trudeau, who announced his resignation in January. Carney, who won the Liberal leadership election by a landslide with 85.9% of the vote, now faces mammoth economic, trade and foreign policy challenges. However, the increasingly tense relationship with the United States as trade disputes escalate under President Donald Trump’s leadership remains the biggest challenge. 59-year-old Carney, wasted no time in addressing the challenges ahead, particularly the ongoing tariff war with the U.S. that has plagued Canada's economy for months.
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