Mark Carney, the former governor of the Bank of Canada, was overwhelmingly elected the leader of the Liberal Party and the Great White North's next prime minister on Sunday.

TORONTO (AP) — 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, and a federal election looms.

Economist and former Governor of the Bank of England Mark Carney has been elected to succeed Justin Trudeau as Liberal Party leader and Canada’s prime minister. The election comes at a critical time in foreign relations between Canada and the United States, as both nations impose historic tariffs and prepare for an impending trade war.

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

The Liberal Party of Canada will announce its new leader — and Canada's next prime minister — Sunday evening after a six-week sprint following Prime Minister Justin Trudeau's announcement that he plans to step down from his role once his successor is chosen.

Frontrunners include Chrystia Freeland and Mark Carney, who are making the case they can guide Canada through domestic and international issues. At the top of the list: mounting trade tensions with the United States.