Former Bank of England governor Mark Carney has won the race to succeed Justin Trudeau as Canada’s prime minister.
Mr Carney – who headed up Britain’s central bank between 2013 and 2020 – will replace the 59-year-old after winning the Liberal Party leadership race.
Mr Trudeau, who has served as prime minister since 2015, announced he was stepping down in January after facing calls to quit from his own MPs.
Mr Carney is currently chairman of Canadian alternative investment firm Brookfield Asset Management.
He will now have to decide when to call a general election in Canada – which must take place on or before October 20.
In 2013, he became the first non-citizen to run the Bank of England since it was founded in 1694.
He also led efforts to support the UK economy through Brexit and the initial responses to the pandemic, although his successor Andrew Bailey took over in March 2020 as Covid-19 took hold.
Since his role at the Bank, he has held a number of posts in the finance sector and has worked as an adviser to Mr Trudeau.
Being introduced by his daughter Cleo after his win, Mr Carney said: “Who is ready to stand up for Canada with me?
“Yes Canada, the Liberal Party is united and strong and ready to fight to build an even better country.”
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