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

Canada’s governing Liberals are set to choose a replacement for Prime Minister Justin Trudeau. TORONTO — Canada's governing Liberals will announce a replacement for Prime Minister Justin Trudeau on Sunday as the country deals with U.S. President Donald Trump's tariff threats and as a federal election looms.

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,