Former Bank of Canada governor Mark Carney announced on Thursday that he was running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party, saying he wanted to focus on the struggling economy.

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

Former Bank of Canada governor Mark Carney speaks to reporters at the Liberal caucus retreat in Nanaimo, B.C. in this 2024 file photo. OTTAWA—Former central bank governor Mark Carney has announced his campaign for Liberal leader and prime minister at an event in Edmonton Thursday.

Mark J. Carney ’87 — a member of Harvard’s Board of Overseers, the University’s second-highest governing body — launched his campaign to become Canada’s next prime minister at a rally in Edmonton, Alberta Thursday afternoon.

Carney points to economic shifts happening because of climate change and AI, in forming his effort to lead the troubled party

The system it’s not working as it should, and it’s not working as it could. People are anxious. No wonder. Too many are falling behind. Too many young people can’t afford a home, too many people can’t find a doctor,

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 will launch his candidacy for the Liberal Party leadership at an event in Edmonton on Thursday, according to a notice from Calgary Skyview MP George Chahal.

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.