Chrystia Freeland, Mark Carney emerge as top contenders in Liberal leadership race

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Chrystia Freeland, Mark Carney emerge as top contenders in Liberal leadership race
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OTTAWA — Less than five weeks after she resigned her cabinet seat over a dispute with Prime Minister Justin Trudeau, Chrystia Freeland has launched her campaign to replace him as the leader of the Liberal party.

Freeland's official campaign launch is set for Sunday in Toronto but she used social media Friday to make it clear her intention to join the race.Freeland also wrote an op-ed in the Toronto Star laying out how she would respond to U.S. president-elect Donald Trump's threat to impose tariffs on Canadian goods.

"Florida orange growers, Michigan dishwasher manufacturers and Wisconsin dairy farmers: brace yourselves. Canada is America's largest export market — bigger than China, Japan, the U.K. and France combined. If pushed, our response will be the single largest trade blow the U.S. economy has ever endured," Freeland wrote.

"We need to take that threat extremely seriously. That means keeping our fiscal powder dry today, so we have the reserves we may need for a coming tariff war," she wrote in her resignation letter. He has also pledged to repeal the consumer carbon price if he becomes Liberal leader, and to replace it with a "comprehensive plan" that he promised to release over the next several weeks.

The criticism that resulted from Freeland's resignation led Trudeau to announce on Jan. 6 that he will step down as leader when the Liberal party chooses his successor. It is set to do that on March 9.

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