Trade war turmoil is weighing heavily on financial markets in Canada. Canada's main stock index has been tumbling along with U.S. indexes since President Donald Trump initiated a trade war with his North American neighbors.

Former central banker Mark Carney was sworn in as Canada’s new prime minister and will now try to steer his country through the US imposed trade war.

The former central bank chief takes over at what he has called “a time of great peril” for Canada, with Trump attacking its sovereignty and economic security.

To win the next election, the new prime minister must quickly prove he is Canada’s best hope of managing relations with the White House.

Carney is due to name a cabinet that will likely not be in office for long, since Liberal insiders say he will call a snap election in the coming days. If he changes his mind, opp