Why it matters: Liberal Party members' vote for Mark Carney, former governor of the Banks of Canada and England, comes as the Liberal Party is experiencing a polling boost amid widespread opposition to President Trump's policies targeting its northern neighbor.

Former central banker Mark Carney will become Canada’s next prime minister after the governing Liberal Party elected him its leader as the country deals with U.S.

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.