What to know about Canada's next PM Mark Carney

Former central banker Mark Carney will become the next Prime Minister of Canada after winning the race to lead the country's governing Liberal Party on Sunday.

In his first speech as party leader on Sunday, he said Canadians will not let US President Donald Trump succeed in his attempts to "weaken" their economy. Carney will succeed Justin Trudeau, who resigned as prime minister in January, facing low approval ratings after nearly a decade in office.
Carney, 59, who served as governor of the Bank of Canada from 2008 to 2013 and governor of the Bank of England from 2013 to 2020, will lead his country when it is locked in a bitter trade war with the United States, its largest trading partner.

Trump signed an executive order imposing a 25% tariff on imports from Canada on Feb.1 but has twice postponed the start date on when it will go into effect. Trump has said the tariffs are a way to pressure Canada to stem the flow of migrants and fentanyl from across the border. Canada responded by imposing tit-for-tat retaliatory taxes on U.S. goods.

Carney, who has had a high-profile banking career, is a political outsider who has never held political office.  A Harvard graduate, Carney played college-level ice hockey, starring as a goalkeeper.

He won praise for handling the financial crisis at the Bank of Canada in 2008 when he created new emergency loan facilities and gave unusually explicit guidance on keeping rates at record-low levels for a specific period, according to Reuters.

The Bank of England was impressed enough to poach him in 2013, making him the first non-British governor in the central bank's three-century history, and the first person to ever head two G7 central banks, Reuters reported.

After leaving the Bank of England in 2020, Carney served as a United Nations envoy on finance and climate change.
In his first speech since being elected as party leader on Sunday, he directly spoke about Trump and the threat against Canadians.