Mark Carney has been elected as the new leader of Canada's Liberal Party, positioning him to succeed Justin Trudeau as prime minister following Trudeau's resignation announcement. Carney's leadership comes at a challenging time, with Canada facing economic uncertainty due to a trade war initiated by U.S. President Donald Trump and threats of annexation. With a strong mandate from the Liberal Party and a wealth of experience in economic management, Carney is expected to address these pressing issues and navigate the political landscape ahead of an impending federal election.