Mark Carney, a well-known banker, won a key leadership race in Canada on Sunday to succeed Prime Minister Justin Trudeau as head of the Liberal Party of Canada. In January, Trudeau announced his intention to step down once a new ruling party leader was chosen.

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.

On March 9, the Liberal Party of Canada held an election to determine who will lead the party using a reform growing in popularity in cities across the US: ranked choice voting.  The winner of that election: Former Bank of Canada Governor Mark Carney.

Canadian Prime Minister Justin Trudeau announced on Jan. 6 that he would resign once the Liberal Party of Canada had concluded a leadership race. As of

Mark Carney, who has held Irish citizenship for more than 30 years, will succeed Justin Trudeau as Prime Minister of Canada. Carney won the Liberal Party of Canada's leadership contest in a landslide.

Photo: Liberal Party of Canada Leader Mark Carney speaks following the announcement of his win at the party's announcement event in Ottawa, Ontario, Sunday,

Canada looks set to pick a measured former central banker to deal with the threats President Donald Trump’s tariffs pose against a pillar of Western free trade. Mark Carney, 59, could become the next prime minister when the governing Liberal Party of Canada announces a replacement for Justin Trudeau in a leadership

Mark Carney, 59, could become the next prime minister when the governing Liberal Party of Canada announces a replacement for Justin Trudeau in a leadership vote Sunday.