How Mark Carney went from his upbringing in Alberta to central banker in tough economic times, and now leader of the Liberal Party of Canada and prime minister-designate.

• Carney will lead the party into a new era of Canadian politics.
• The prime minister-designate blew his opponents out of the water with nearly 86 per cent of points awarded in the race.
• In one of his final speeches as PM, Trudeau touched on his own legacy and the nation’s future.
• We’ve paused this page. Scroll down to get caught up on the night and find more coverage at CBCNews.ca.
• 1 hour agoRhianna Schmunk
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• Carney and his wife, Diana Fox Carney, step off stage after his win. (Amber Bracken/Pool/Reuters)
• The Rogers Centre has emptied out for the night, so we’re going to wrap this live page. You can read more on the significance of Carney’s win in this story from our colleague Catharine Tunney. Senior writer Aaron Wherry is working on his analysis of the race from the room.
• We’ll have plenty of coverage in the coming hours and days at cbc.ca/politics.
• If you’re just finding this page now, scroll down to see how the leadership announcement unfolded — from Trudeau’s speech to the moment Carney realized he’d won.
• 1 hour agoMichael Woods
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• Carney turns to supporters after his victory was announced. His wife, Diana Fox Carney, is beside him. (Adrian Wyld/The Canadian Press)
• Carney is not the prime minister yet. He’s the prime minister-designate. We don’t know exactly when he’ll be sworn into office, but it will very likely be in the next few days.
• Transition calls to determine who will work in Carney’s Prime Minister’s Office have already been happening, sources have told CBC News.
• He doesn’t have a seat in the House of Commons, so there is speculation — and Carney has hinted — that he will call an election soon, before Parliament is scheduled to return on March 24.
• Before doing that, Carney will have to appoint a cabinet. Whether he keeps Trudeau’s current cabinet largely in place or installs new faces for what could be a very short time will be something to watch.
• But it’s clear that Carney’s more than 85 per cent vote share gives him a powerful mandate from Liberals to set the course he chooses.
• 1 hour agoRhianna Schmunk
• “Liberals are trying to trick Canadians into electing them for a fourth term by replacing Trudeau with his economic adviser, Mark Carney,” the Conservative leader wrote on X.
• “It is the same Liberal team that drove up taxes, housing costs and food prices, while Carney personally profited from moving billions of dollars and thousands of jobs out of Canada to the United States.
• “We need a new Conservative government that will put Canada First — for a change.”
• Poilievre held a rally in London, Ont., earlier today. People who lined up around the block to get inside said they were confident about the Conservatives’ chances in the next federal election.
• 1 hour agoBenjamin Lopez Steven
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• Freeland, in red, sat with her husband, Graham Bowley, as Carney made his first speech as prime minister-designate. (Carlos Osorio/Pool/Reuters )
• Like we’ve talked about tonight, there are a lot of moving pieces that Carney will need to tackle in the next couple days — namely, his cabinet.
• Fred DeLorey, who was the Conservatives’ national campaign manager during the 2021 federal election, says it will be “interesting to see how [Carney] deals with Chrystia Freeland knowing she was the one who knifed Trudeau in December. She caused all of this.”
• DeLorey told CBC News there are “Trudeau loyalists,” like Finance Minister Dominic LeBlanc and Foreign Affairs Minister Mélanie Joly, who are still at the table.
• When asked about a potential future in Carney’s cabinet, Freeland said tonight it’s up to him to make his own decisions.
• 2 hours agoMichael Woods
• Stopping by the CBC News set to speak with Rosemary Barton and David Cochrane, Jean Chrétien said he isn’t worried about Carney’s lack of political experience.
• “He is known. And he has experience. And people know that,” he said.
• “There are a few politicians who can talk to him once in a while,” he added. “So I will call him — I told him that.”
• But Chrétien wouldn’t bite when asked how quickly Carney should call an election.
• “If he wants my advice, I will tell him,” the former prime minister said.
• Chrétien’s nearly half-hour speech tonight was largely a history lesson in Canada-U.S. relations. In the CBC interview, he continued his tough talk about Trump.
• 2 hours agoBenjamin Lopez Steven
• Public Safety Minister David McGuinty, who recently flew to Washington to make the case the United States should not impose tariffs on Canadian goods, told my colleague Raffy Boudjikanian that American officials “know exactly who Mark Carney is.”
• “I think Mr. Carney’s background is so filled with real experience and credibility…. He’s going to bring a very disciplined, steely approach to Canada’s negotiations.”
• Is it time for an election?
• Yes it is, McGuinty told Raffy.
• But “that’s really up to Mr. Carney at this stage,” McGuinty added.
• 2 hours agoBenjamin Lopez Steven
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• Liberal MP Karina Gould placed third in the leadership race. Speaking to CBC’s Ashley Burke on Sunday in Ottawa, Gould said the party is now united to take on U.S. President Donald Trump and that she will run again in the next federal election.
• Gould appeared to have energy behind her campaign in the lead-up to tonight, but she ultimately came in with 3.2 per cent of the riding points — only slightly ahead of fourth-place finisher Frank Baylis with three per cent.
• When asked by my colleague Ashley Burke why not much of the Liberals’ grassroots ended up voting for her, Gould said she’s “not sure” but added the Liberal Party is now united to take on key issues like Trump and building a strong economy.
• Gould reiterated she will run again in the next federal election.
• 2 hours agoRhianna Schmunk
• “Canadians are counting on their political leaders to fight for them in these challenging times. To stand up for a Canada where we take care of each other,” NDP Leader Jagmeet Singh wrote on X.
• “We will disagree on many ideas, priorities and policies — but we should always stand united in protecting our country from the threat posed by Donald Trump.”
• 2 hours agoBenjamin Lopez Steven
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• After coming a distant second behind Mark Carney in the Liberal leadership race, Chrystia Freeland says she is ‘really glad’ that she ran and is going to do ‘everything’ she can to help Carney win the next federal election.
• Former finance minister Chrystia Freeland says Carney has her support and the new Liberal leader “has a very clear mandate” to helm the party.
• Freeland told reporters in French that she will run in the next federal election. Asked about a potential future in Carney’s cabinet, Freeland said it’s up to him to make his own decisions.
• Her run may have been unsuccessful, but Freeland told reporters she had expected an uphill battle and that “it’s been an opportunity for me to really talk about and lay out plans on the issues that are most important.”
• It’s worth remembering Freeland’s shocking resignation from Trudeau’s cabinet last December ultimately proved fatal to the prime minister’s political future.
• Now, her own political future is unclear.
• 2 hours agoBenjamin Lopez Steven
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• Carney waved to the crowd after his speech. (Carlos Osorio/Pool/Reuters)
• There’s been an electric atmosphere at the Rogers Centre tonight. Now that Carney is Liberal leader and prime minister-designate, here’s what comes next.
• For starters, Trudeau needs to formally resign as prime minister and Carney needs to be sworn in by Gov. Gen. Mary Simon. He’ll also need to assemble a cabinet — and we’ll be watching to see who sticks around from Trudeau’s crew and whether the other leadership candidates will be offered positions.
• It’s safe to assume there are transition plans in place between Trudeau and Carney. But the new Liberal leader will nevertheless need to hit the ground running as Canada stares down Trump and opposition parties prepare to bring down the government when it comes back from prorogation at the end of March.
• Strap in, everyone. There’s still much more to come!