Mark Carney was elected prime minister of Canada, replacing Justin Trudeau

Mark Carney, a former governor of the Bank of Canada, has won the prime ministerial election to succeed Justin Trudeau.

According to official results released on Sunday, former central banker Mark Carney has emerged victorious in the contest to lead Canada’s ruling Liberal Party and will take Justin Trudeau’s place as prime minister.

In a race that attracted around 152,000 party members, Carney, 59, defeated former Finance Minister Chrystia Freeland with a resounding 86% of the vote. His appointment comes at a difficult moment for Canada, which is getting ready for an impending general election and is involved in a trade dispute with longstanding ally the United States under President Donald Trump.

Carney addressed Trump directly during his speech at the celebration, which elicited raucous jeers from the crowd. He claimed that someone was attempting to undermine our economy. He is disparaging Canadian businesses, families, and employees. We must prevent him from succeeding. Additionally, he promised a new governance style, saying, “This won’t be business as usual.” We’ll need to perform tasks we never thought feasible and at previously unthinkable speeds.

After a precipitous drop in approval ratings, Trudeau, who has led Canada for over nine years, announced his resignation in January, which prompted the Liberal Party to quickly stage a leadership contest. Trudeau emphasized the importance of the moment in his departure speech. Without a doubt, this is a moment that will define the country. Democracy isn’t guaranteed. Freedom isn’t always guaranteed. “Not even Canada is guaranteed,” he stated.

Despite having no prior political experience, Carney positioned himself as the most qualified candidate to revitalize the party and negotiate trade with Trump, who has threatened to impose more tariffs that could have a significant negative impact on Canada’s export-dependent economy. Trudeau has put retaliatory tariffs on US goods worth C$30 billion in reaction to Trump’s sanctions.

With Carney’s win, Canada’s prime minister has never been a political outsider without any prior elected experience. He has maintained that he is especially suited to handle the economic difficulties presented by Trump because of his experience serving as governor of the Bank of Canada and the Bank of England.

Support for the Liberal Party has increased again as a result of Trump’s tariffs, his constant threats to annex Canada as the 51st US state, and the possibility of a new beginning under Carney.