Mark Carney has never held elected office, but for years has been touted as a future leader of the Liberal Party of Canada, and if the polling goes as expected, he is the favorite to win his party's leadership race on Sunday.

TORONTO — 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.

Canada‘s Liberal Party will select a new leader to replace Justin Trudeau on Sunday night, with that candidate likely to become the next prime minister of Canada, who will have to face the latest sovereignty and tariff threats from the Trump administration.