Carney defeated former cabinet minister Karina Gould, former finance minister and deputy prime minister Chrystia Freeland, and Businessman and former Liberal MP Frank Baylis. All four contenders entered the room to much fanfare and addressed the crowd, thanking supporters for injecting energy into the party.
Trudeau said that he had spoken to the Liberal Party President to start looking for a new prime ministerial candidate.
'For the past number of weeks, you and I have found ourselves at odds about the best path forward for Canada'
One source, who recently spoke with the Prime Minister, said Trudeau understands the importance of making an announcement ahead of the caucus meeting to avoid the belief that he was ousted by his MPs.
The future of Canadian Prime Minister Justin Trudeau's leadership appears increasingly uncertain after New Democratic Party (NDP) leader Jagmeet Singh, a key ally, said he would introduce a motion to topple the minority Liberal government. Singh's announcement comes after a series of political setbacks for Trudeau, including the resignation of his deputy prime minister and finance minister, Chrystia Freeland, and calls for his resignation from within his own party. Conservative leader Pierre Poilievre has also called for an early election. Trudeau has not responded publicly to these calls and has reportedly told members of the party that he will take the holidays to reflect and decide what to do.
Canada's Indian-origin MP Chandra Arya has announced that he is running to be the next prime minister, hours before his Liberal Party announced that their next leader will be chosen on March 9.
Number of people in the world with more than $1 million to invest soared to a record of 12 million in 2012, a 9.2 per cent increase over 2011.
Finance Minister Nirmala Sitharman on Friday met her counterparts in Singapore and Canada and discussed various issues, including economy, health and opportunities for collaboration. Sitharaman met UK Chancellor of the Exchequer Rishi Sunak, Singapore Finance Minister Lawrence Wong and Canada's Deputy Prime Minister & Finance Minister Chrystia Freeland on the sidelines of the G-20 Joint Finance and Health Ministers' meeting. "Finance Minister Smt. @nsitharaman had an engaging discussion with @cafreeland Dy. Prime Minister & Finance Minister of Canada on the sidelines of #G20 Finance & Health Ministers Meeting in #Rome. The Ministers discussed various issues, including economic and health cooperation," a Finance Ministry tweet said.
Canada's allegations of India's involvement in the killing of a Sikh separatist in Surrey that sparked a diplomatic row between the two nations are based on both human and signals intelligence and inputs from an ally from Ottawa's Five Eye intelligence network, a media report has said citing the Canadian government sources.
From the protests in Belarus, to people in Beirut picking up the pieces after the deadly blast, to the Democratic National Convention held in Delaware in the United States, here are the top images from the week gone by.
The US has also urged the two South Asian neighbours to avoid further military action.
'Saudi Arabia's standing internationally and in the West is going to take a big hit even if MBS is dethroned.'
Privatisation in Russia was endorsed by technocrats. It led to the rise of Vladimir Putin.
With EU, it is part of the FTA that we will need to negotiate.
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