Carney, 59, will succeed Justin Trudeau, who announced in January that he would step down amid low approval ratings following a decade in office.

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 J. Carney ’87 defeated fellow Harvard College alum Chrystia A. Freeland ’90 and two other Liberal Party candidates to become the 24th Prime Minister of Canada and the new leader of the Canadian Liberal Party on Sunday afternoon.

The choice of Mark Carney as newly-minted Liberal Party Leader is being met with applause from many in Manitoba, including a Liberal MP who didn't vote for him.

Mark Carney, the front-runner in the race to become Canada’s next prime minister, squared off for the first time with rival Chrystia Freeland in a French-language TV debate that focused on how to handle US President Donald Trump.

The rise and fall of Justin Trudeau – with Mark Carney to become Canada’s next prime minister - The leader was once a poster boy for liberalism but will be replaced after nearly 10 years in office

Mark Carney has won the race to become the leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as prime minister. Carney is a former banker.

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