The governing Liberal Party of Canada elects former central banker Mark Carney its leader. He'll face President Trump's trade war and annexation threat, and a federal election.

The former central banker will become the next PM, and many Canadians see him as the best hope in the Trump era.

Economist and former Bank of England and Bank of Canada governor Mark Carney won the leadership contest for the Liberal Party on Sunday.

Bigger unknowns now hang over the former Bank of Canada and Bank of England governor: can he save the Liberal party from electoral annihilation, and can he negotiate a trade truce with Donald Trump? Polls show the Liberals narrowing the gap with the opposition Conservatives to 8 points with Carney at the helm.

Carney, 59, a political novice, will take over at a tumultuous time in Canada, which is in the midst of a trade war with the United States.

TORONTO— Former central banker Mark Carney will become Canada’s next prime minister after the governing Liberal Party elected him its leader Sunday as the country deals with U.S. President Donald Trump’s trade war and annexation threat, and a federal election looms.

Former central banker Mark Carney won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday. Carney will take over at a tumultuous time in Canada,