Mark Carney, the former head of the UK and Canada central banks, will succeed Justin Trudeau as Canada’s Prime Minister. Carney, 59, was announced the winner of the Liberal leadership race on Sunday,

The episode has not only given Trudeau a bump in support, but it’s delivered a potential lifeline to his flailing Liberal Party ahead of the expected election. It’s also a boon for his successor, Mark Carney, who was elected Liberal leader on Sunday and will soon take the prime minister’s office, at least briefly.