Mark Carney, a former central banker in Canada and England with little political background, was chosen in a landslide party vote to replace outgoing Prime Minister Justin Trudeau, who announced his resignation earlier this year. Of the nearly 152,000 votes cast by party members, Carney won 86%, trouncing former Finance Minister Chrystia Freelan, who received less than 8% of the votes of party members. Carney is not a member of the House of Commons and has never held elective office.

Carney will likely face Conservative Party leader Pierre Poilievre in a general election to determine whether Carney will remain prime minister. Canadian law requires the election be held by the end of October. The top issue for both Carney and Poilievre will be who would be more capable of addressing the trade war with the United States led by President Donald Trump.

NAIOP’s Canadian chapters and their members have been increasing their advocacy efforts in the provinces and at the federal level. NAIOP is holding its annual meeting, CRE.Converge, in Toronto this September. A meeting of NAIOP’s Canadian chapter leaders will also be held in the fall.