Canada's Liberal Leadership Showdown: The Race for Prime Minister

Canada's ruling Liberal Party is selecting a new leader after Prime Minister Justin Trudeau announced his resignation. The key contenders in the race include Mark Carney and Chrystia Freeland. The election will follow a ranked ballot system with results announced on March 9.

The Liberal Party of Canada is preparing to announce a new leader following Prime Minister Justin Trudeau's decision to step down amid widespread dissatisfaction. The leadership race will determine the next Prime Minister, with results expected on March 9.

Unlike other systems, candidates for party leadership in Canada are selected through a membership vote, necessitating a leadership race. Key figures in this contest include former central bank governor Mark Carney and ex-finance minister Chrystia Freeland, who appears to be a top contender.

The election process involves a ranked ballot system across 343 parliamentary constituencies, requiring broad national support. Should no candidate secure a majority initially, subsequent preference votes will determine the winner. The outcome will be unveiled at a special event in Ottawa, possibly setting the stage for an early national election.

(With inputs from agencies.)