Former Bank of Canada governor Mark Carney will announce on Thursday he is running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party, CBC News said on Wednesday.

Canada’s governing Liberal Party will announce the country’s new prime minister March 9 after a leadership vote that follows the resignation of Justin Trudeau this week.

Former Canadian finance minister Chrystia Freeland is running to be the next leader of the Liberal Party and Prime Minister of Canada.

The frontrunners for the Liberal leadership are former central banker Mark Carney and ex-Finance Minster Chrystia Freeland.

The Liberals need to elect a new leader before Parliament resumes March 24 because all three opposition parties say they will bring down the Liberal government in a no-confidence vote.

Chrystia Freeland has called for economic retaliation if President-elect Trump follows through with his threat to impose tariffs.

Mr Carney, who was also governor of the Bank of England, is running as an outsider with considerable financial experience. Read more at straitstimes.com.

The front runners for the Liberal leadership are former central banker Mark Carney and ex-Finance Minster Chrystia Freeland, whose abrupt resignation last month forced Trudeau's exit.

Former central banker Mark Carney has strongly suggested he will run to be Canada’s next prime minister during an appearance on Jon Stewart’s ‘The Daily Show’.

Canada’s ruling Liberal Party is searching for a new leader following Prime Minister Justin Trudeau's announcement on January 6 that he will step down.

The 59-year-old Harvard- and Oxford-educated economist kicked off his campaign at a hockey rink in Edmonton, Alberta where he grew up