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.

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

Caption: Mark Carney, former governor of the Bank of Canada, launches his campaign to replace Justin Trudeau as Liberal leader. After months of speculation about his future, former Bank of Canada governor Mark Carney launched his campaign to replace Justin Trudeau as Liberal leader on Thursday.

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.

If successful, the former Bank of England governor would become Canada's interim prime minister ahead of the next general election

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

OTTAWA--Mark Carney, the former Canadian and U.K. central banker, formally declared Thursday his interest to succeed Justin Trudeau as leader of Liberal Party and the country's prime minister, promising an economic agenda focused on lifting the country from a period of stagnant growth.