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.

Mark Carney announced his bid to become leader of the Liberal Party of Canada surrounded by dozens of supporters in Edmonton on Thursday.

Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister following the resignation of Justin Trudeau.