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.

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

The senior ranks of Prime Minister Justin Trudeau’s cabinet have made their choice on who they believe should replace him as Canada’s prime minister — and they’re throwing their weight behind Mark Carney.

The former central banker has already secured the backing of the country's foreign, energy, environment, transport and labour ministers The senior ranks of Prime Minister Justin Trudeau's cabinet have made their choice on who they believe should replace him as Canada's prime minister - and they are throwing their weight behind Mark Carney.