Prominent banker Mark Carney is launching a bid to lead Canada ’s ruling Liberal Party after Prime Minister Justin Trudeau resigned. Carney, 59, currently serves as the United Nations special envoy for climate action and finance. He is also the chair of Brookfield Asset Management and Bloomberg L.P.’s board of directors.

Chrystia Freeland, the former deputy prime minister, sought to distance herself from Mr. Trudeau in a public letter criticizing him for “costly political gimmicks.”

The race to replace Canadian Prime Minister Justin Trudeau is dominated by one name: Donald Trump. How to wrestle with the incoming president and his tariff threats has emerged as the defining question in the Liberal Party leadership contest.

Justin Trudeau said Monday that he will step down as prime minister of Canada after weeks of mounting pressure from within his ruling Liberal Party about how to deal with incoming U.S. President Donald Trump and trade tariffs he has promised.

By David Ljunggren (Reuters) - Canada's ruling Liberal Party is looking for a new leader to replace Prime Minister Justin Trudeau, who announced on Jan. 6 he intended to step down. The Liberal Party will pick a new chief on March 9.

Canadian cabinet minister Karina Gould on Saturday said she would take part in the contest to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party. Gould, 37, becomes the third serious candidate to announce their candidacy.