U.S. inflation data for February will be the highlight among economic data in the week ahead as investors continue to follow the back-and-forth of announcements on tariffs.

Mark Carney, the former governor of the Bank of Canada, was overwhelmingly elected the leader of the Liberal Party and the Great White North's next prime minister on Sunday.

Canada's main stock index fell on Thursday to a near six-week low as escalating global trade tensions fueled risk-aversion and despite stronger-than-expected earnings from three of Canada's big-five banks.

Former Bank of Canada Chief Takes Helm as Prime Minister With Fresh Attacks on Trump Trade War. Mark Carney warns that the Canadian way of life could be des

Former Bank of Canada and Bank of England governor Mark Carney reacts on the day members of Canada's Liberal Party gather to choose a successor to Prime Minister Justin Trudeau, in Ottawa, Ontario, Canada,

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, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remains prime minister until his successor is sworn in in the coming days. Carney navigated crises when he was the head of the Bank of Canada and when in 2013 he became the first noncitizen to run the Bank of England since it was founded in 1694.

Politics Ex-central banker to replace Trudeau as Canada’s prime minister after winning Liberal Party vote Carney navigated crises when he was the head of the Bank of Canada and

The governor of the Bank of Canada was under scrutiny. For weeks, press reports had tied Mark Carney to a potential run for the country’s Liberal Party, which was looking for a new leader.

Canada's Liberal Party leadership candidates, former Bank of Canada governor Mark Carney, former Deputy Prime Minister and Finance Minister Chrystia Freeland, former House leader Karina Gould and former Liberal MP Frank Baylis stand next to each other before participating in a French language debate ahead of the March 9 vote to replace Prime Minister Justin Trudeau,

Carney, a former governor of the Bank of Canada and the Bank of England, won in convincing fashion, securing 85.9% of the vote.

Similar action on the EU will have smaller direct economic effects but be no less worrying for ECB rate-setters