Mark Carney set to join Liberal Party leadership race

Former Bank of Canada and Bank of England governor Mark Carney is preparing to enter the Liberal Party leadership race to succeed Prime Minister Justin Trudeau.

Sources indicate that Carney will launch his campaign on Thursday from his hometown of Edmonton. He is one of seven potential Liberal candidates who have submitted forms on the party’s website to gather signatures following Trudeau’s announcement of his resignation.

The 59-year-old Carney has political roots in Edmonton; his father, Bob Carney, ran as a Liberal candidate in the Edmonton-South riding in 1980. In a recent interview, Carney stated that Trudeau’s resignation boosts the party’s prospects of reclaiming power in the next federal election.

Notably, Carney is a prominent figure in Edmonton. Last year, Trudeau appointed him as the head of the Liberal Party’s economic task force, and efforts have since been made to integrate him more directly into government leadership.