New Canadian PM Carney moves to close gap against Bitcoin-friendly Poilievre in election race | Mark Carney has secured the Liberal Party’s leadership to replace Justin Trudeau as Canada’s 24th prime minister, raising his odds of winning the next federal election on October 20, 2025, to 49%, up from 26% last month, according to Polymarket. In contrast, Conservative leader Pierre Poilievre's odds declined to 51%. Carney, a former central banker, aims to address Canada's economic challenges amid rising fears of a U.S.-Canada trade war, exacerbated by U.S. tariffs on Canadian imports. Carney expressed determination to maintain tariffs until the U.S. commits to fair trade. An early federal election may occur if a vote of no confidence is called, which Poilievre and New Democratic Party leader Jagmeet Singh plan to pursue after parliament resumes. Carney's leadership will be tested as tensions with the U.S. increase.