Mark Carney, who comes from a long career in finance, won the Liberal Party’s election on Sunday. His first challenge will be managing growing tensions with the U.S.

Justin Trudeau, who was first elected prime minister in November 2015, announced on Jan. 6 his intention to resign as Liberal Party leader and prime minister.

The 59-year-old political newcomer says he will keep tariffs on US imports "until the Americans show us respect".