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.

Trump refuses to rule out recession and new Canadian PM Mark Carney vows to win trade war: Live updates - President’s remarks follow turbulent week as markets rattled by series of chaotic tariff annou

The former central banker, campaigning against Trump, wins with almost 90% of the votes and becomes the favorite for the upcoming elections, which will have to be called soon. Canada's Liberal Party,

Mark Carney used his victory speech to lament Donald Trump's claims that Canada should become the 51st state of the US.

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 secured the Liberal leadership with 86 per cent support, vowing to defend Canada's sovereignty against US ambitions. His remarks follow Donald Trump's repeated calls for Canada to become America's 51st state.