Canada’s next leader is a relative political newcomer, coming instead from a decades-long career in finance where he steered governments through major global crises and periods of upheaval – experience he’s hoping to now leverage as he prepares to take over from Prime Minister Justin Trudeau.

Canada will have a new leader for the first time in a decade: Mark Carney will become the 24th Canadian prime minister after being elected leader of the country's Liberal Party on March 9. Carney will replace Prime Minister Justin Trudeau, who has led Canada since 2015.

Former central banker Mark Carney, fresh from a landslide victory to become the leader of Canada's ruling Liberal Party and the country's next prime minister, met Justin Trudeau on Monday and said the formal handover of power would be quick.