With record levels of dry powder available for investment, find out what's in store for private markets in 2025 and beyond.

Listen to crafting capital in partnership with UBS at partners.wS.J.com slash UBS, Spotify and Apple Podcasts.

Canada gets a new leader as America's neighbor pushes back on Trump's trade war.

We didn't ask for this fight, but Canadians are always ready when someone else drops the gloves.

So the Americans, they should make no mistake in trade, as in hockey, Canada will win.

Plus, Russia claws back key territory from Ukrainian troops.

And overpowered in Washington, Democrats wrestle with whether future voters want confrontation or attack to the center.

It's Monday, March 10th.

I'm Luke Vargas for the Wall Street Journal,

and here is the AM edition of What's News, the top headlines and business stories, moving your

world today. Former Bank of Canada and Bank of England Governor Mark Carney is set to take

over from Justin Trudeau as Canada's next prime minister

after winning a vote this weekend to become the leader of the country's governing Liberal Party.

Journal reporter V. Paul Manga says Carney is expected to call a snap election that suddenly

looks winnable. When Trudeau announced that he was resigning in January, the Liberal Party

was mired at the bottom of the polls. Canadian voters had soured on his economic vision and were

extremely frustrated by rising inflation and seemed to be following the same path that many

voters in the Western world had been doing in kicking out their incumbent parties.

However, since Donald Trump started to threaten to annex Canada, calling it the 51st state,

and imposed 25% tariffs on Canadian goods, the Liberal Party has rebounded strongly,

and now in some polls is virtually tied with the conservatives who are led by

populist Pierre Polyev.

...