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

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.

Chrystia Freeland, whose abrupt resignation as finance minister last month forced Justin Trudeau's exit as prime minister, said she is running to be the next leader of the Liberal Party and Prime Minister of Canada.

In announcing his candidacy, Carney said he had resigned from all of his commercial roles — including his position on the global advisory board of Pacific Investment Management Co.

Former Bank of Canada and Bank of England governor Mark Carney, has announced his candidacy to lead Canada's governing Liberal Party.