Canada has entered new political chapter as former Bank of Canada Governor Mark Carney elected country’s new Prime Minister.
Following a vote at Liberal Party convention on Sunday Carney announced as the party’s new leader and is set to be sworn in later this week – Reuters reports.
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This leadership change marks end of Justin Trudeau’s nine-year tenure as Prime Minister. In the leadership vote, Carney secured 131,674 votes, defeating his closest rival, Chrystia Freeland, who received 111,134 votes.
Under Canada’s political system leader of the largest party in House of Commons automatically assumes the role of Prime Minister.
During his victory speech, Carney criticized US President Donald Trump, stating that Trump’s attempts to weaken Canada’s economy would fail. “Canada will never become a part of United States,” Carney declared confidently. He added, “Whether it’s trade or hockey, Canada will always win.”
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Carney will take oath of office as Prime Minister before Canada’s Governor General later this week. He expected to announce next federal election by end of April.
Read more: Justin Trudeau Bids Farewell in Montreal Amid Emotional Goodbye
Mark Carney previously served as Governor of Bank of Canada in 2008 and later became 120th Governor of the Bank of England in 2013, bringing extensive financial expertise to his new role.
