Mark Carney has been elected leader of Canada’s Liberal Party in a months-long, high stakes race to replace Justin Trudeau.

Carney, a political novice, will take over at a tumultuous time in Canada, which is in the midst of a trade war with longtime ally the United States and must hold a general election soon.

Mark Carney is expected to replace Canadian Prime Minister Justin Trudeau as Canada grapples with Trump's tariffs.