Canadian lawmaker Mark Carney was selected by the country's Liberal Party to replace Prime Minister Justin Trudeau. Trudeau resigned roughly two months ago after losing support from his coalition government, likely avoiding a no-confidence vote (see previous write-up).
Trained as an economist and, most recently, as the country's international lead on climate finance, Carney is widely credited with helping navigate the Great Recession as head of the Bank of Canada in 2008. Before entering public service, Carney spent 13 years at Goldman Sachs. He will quickly face an electoral test—general elections are scheduled for October, though some say he may call for snap elections shortly in an effort to shore up support.
Carney takes over as Canada grapples with uncertainty around tariffs on its exports to the US. President Donald Trump leveled a broad 25% levy on imports from the country but then granted an exemption applying to about 40% of Canadian goods until April 2.
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