Former Bank of England governor Mark Carney will become the new prime minister of Canada after winning the Liberal Party leadership race.

Mr Carney, who also used to be the head of Canada’s central bank, emerged as the frontrunner in the contest as the country deals with the impact of tariffs imposed by US President Donald Trump.

The 59-year-old will replace Justin Trudeau, who has served as prime minister since 2015.

Mr Trudeau announced he was stepping down in January after facing calls to quit from a chorus of his own MPs.

The 53-year-old’s popularity had declined as food and house prices rose.

Mr Carney will now have to decide when to call a general election in Canada – which must take place on or before 20 October.

In 2013, he became the first noncitizen to run the Bank of England since it was founded in 1694.

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