Political analysts and Liberal Party members expect Carney to call a national election shortly after taking power, to take advantage of polling momentum that suggests the governing Liberals and the Conservative Party are in a statistical tie.

Mark Carney is a newcomer to elected politics, with decades of experience in finance. After his landslide victory, he pledged to continue tariffs on the U.S. "until the Americans show us respect."

Banker-turned-politician’s rise to Canada’s highest elected office arrives at a pivotal moment for America’s northern neighbor’s economy and its relationship with the U.S.