Canada's Liberal Party will on Sunday announce Prime Minister Justin Trudeau's successor as both party chief and head of the country's government in the midst of a trade war with the United States that could cripple the Canadian economy.

Former central banker Mark Carney favoured over Chrystia Freeland to replace Justin Trudeau as Liberal party head

Prime Minister Justin Trudeau said Thursday he welcomed indications that the U.S. would delay substantial tariffs on Canadian products for a month, but said Canada’s plan to impose retaliatory tariffs would remain in place for now.