Former Bank of Canada governor Mark Carney announced on Thursday that he is running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party.

Prominent banker Mark Carney enters race to replace Justin Trudeau as prime minister - The prominent banker also serves as the United Nations special envoy for climate action and finance

After months of speculation about his future, former Bank of Canada governor Mark Carney launched his campaign to replace Justin Trudeau as Liberal leader on Thursday with a promise to build the fastest-growing economy in the G7 if he's elected.

Outgoing Canadian Prime Minister Justin Trudeau announced Thursday the formation of a Canada-U.S. relations council to support the federal government as it deals with incoming U.S. President Donald Trump’s threat to impose a 25% tariff on all imports from Canada.

Outgoing Canadian Prime Minister Justin Trudeau said Wednesday “nothing is off the table” when it comes to responding to proposed tariffs by U.S. President-elect Donald Trump, but that no single region of the country should bear the full brunt from that response.