Mark Carney, the former central banker running to replace Trudeau

Former Bank of Canada and Bank of England governor Mark Carney is widely considered the frontrunner in this leadership race.

He's sought to position himself as the man who can steer the country through the fallout caused by US President Donald Trump's tariffs.

"In a situation like this, you need experience in terms of crisis management, you need negotiating skills," he said during a leadership debate last month.

Carney, who was born in Canada's Northwest Territories and then spent his formative years growing up in Edmonton, Alberta, has been serving in recent months as a special economics adviser to Justin Trudeau.