Carney cast himself during the campaign as an even-keeled political outsider with the economic bona fides to take on Trump and manage a trade war.

The prominent central banker and investor was chosen in a crucial leadership race amid threats from President Trump. He is expected to quickly call a federal election.

Canada’s ruling Liberal Party has elected Mark Carney as its new leader and therefore Prime Minister, setting up a face-off between the former central banker and US President Donald Trump. On Sunday afternoon the Liberal party announced Carney had won the contest to replace Justin Trudeau,

Canada's ruling Liberal Party is choosing a new leader on Sunday to replace Prime Minister Justin Trudeau, who said in January he was stepping down after growing dissatisfaction over his performance.

U.S. President Donald Trump, who has imposed tariffs on Canadian goods and threatened to make Canada the 51st state, has loomed large over the contest.