Earlier this week, the Liberal Party of Canada revealed their new leader (and, by extension, the new prime minister-designate of Canada) in one Mark Carney, whose landslide victory with 85.9% of the first ballot votes is made especially significant by the fact that he will be first prime minister in history never to have held elected office

Banker-turned-politician’s rise to Canada’s highest elected office arrives at a pivotal moment for America’s northern neighbor’s economy and its relationship with the U.S.

Carney, 59, will succeed Justin Trudeau, who announced in January that he would step down amid low approval ratings following a decade in office.