Former Bank of England governor Mark Carney has won the race to succeed Justin Trudeau as Canada’s prime minister.
Mr Carney – who headed up Britain’s central bank between 2013 and 2020 – will replace the 59-year-old after winning the Liberal Party leadership race.
Mr Trudeau, who has served as prime minister since 2015, announced he was stepping down in January after facing calls to quit from his own MPs.
Mr Carney is currently chairman of Canadian alternative investment firm Brookfield Asset Management.
He will now have to decide when to call a general election in Canada – which must take place on or before October 20.
In 2013, he became the first non-citizen to run the Bank of England since it was founded in 1694.
His appointment won bipartisan praise after Canada recovered from the 2008 financial crisis faster than many other countries.
He also led efforts to support the UK economy through Brexit and the initial responses to the pandemic, although his successor Andrew Bailey took over in March 2020 as Covid-19 took hold.
Since his role at the Bank, he has held a number of posts in the finance sector and has worked as an adviser to Mr Trudeau.
Canada’s opposition Conservatives hoped to make the upcoming general election about Mr Trudeau, whose popularity declined as food and housing prices rose and immigration surged.
Donald Trump’s trade war and his talk of making Canada the 51st US state have infuriated Canadians, who are booing the American anthem at sporting fixtures.
Some are cancelling trips south of the border and many are avoiding buying American goods when they can.
“There is someone who is trying to weaken our economy,” Mr Carney said.
“Donald Trump, as we know, has put unjustified tariffs on what we build, on what we sell and how we make a living. He’s attacking Canadian families, workers and businesses and we cannot let him succeed and we won’t.”
Mr Carney said Canada will keep retaliatory tariffs in place until “the Americans show us respect”.
Being introduced by his daughter Cleo after his win, Mr Carney said: “Who is ready to stand up for Canada with me?
“Yes Canada, the Liberal Party is united and strong and ready to fight to build an even better country.”
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