Harry Potter-quoting Mark Carney will be the next Prime Minister of Canada. Coming out on top today in a four-way race to succeed Justin Trudeau as the head of the ruling Liberal Party, former Bank of Canada and Bank of England boss Carney is expected to take office in the next week or so.

Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week.

Bank of England governor, who will succeed Justin Trudeau, says he will keep tariffs until "Americans show us respect".

Bank of England governor, who has won the Liberal election to succeed Justin Trudeau, says he will keep tariffs until "Americans show us respect".

Ex-central banker to take over from Justin Trudeau, who is stepping down after more than nine years in power Former central banker Mark Carney will become Canada's next prime minister after the governing Liberal Party elected him its leader Sunday as the country deals with US President Donald Trump's trade war and annexation threat,

Bigger unknowns now hang over the former Bank of Canada and Bank of England governor: can he save the Liberal party from electoral annihilation, and can he negotiate a trade truce with Donald Trump? Polls show the Liberals narrowing the gap with the opposition Conservatives to 8 points with Carney at the helm.