Mark Carney has been elected leader of Canada’s Liberal Party in a months-long, high stakes race to replace Justin Trudeau.

Former central banker Mark Carney will become Canada’s next prime minister after the governing Liberal Party elected him its leader Sunday as the country deals with U.S. President Donald Trump’s trade war and annexation threat,

TORONTO — Canada’s next prime minister met with outgoing prime minister Justin Trudeau on Monday and vowed a quick transition. Mark Carney said he had a long meeting with Trudeau in which they discussed U.S.-Canada relations, national security issues and the timing of the handover in power.