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.

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

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.