The former governor of the Canadian and British central banks announced he was running to become head of the Liberal Party and prime minister.

Carney disclosed his intentions to a crowd in Edmonton, Alberta, the western Canadian city where he spent the bulk of his youth, promising an economic agenda focused on lifting the country from a period of stagnant growth.

Mark Carney, the former governor of Canada's central bank, on Thursday launched his bid to succeed Justin Trudeau as Liberal Party leader and prime minister, immediately becoming a frontrunner in the race.