Mark Carney runs for leader of Canada's Liberal Party

After months of speculation about his political ambitions, former Bank of Canada and Bank of England governor Mark Carney has announced he is seeking the leadership of Canada's governing Liberal Party.

Carney formally launched his bid in his hometown of Edmonton, Alberta, on Thursday. Liberals will be electing their new leader on 9 March.

If he wins, the 59-year-old will succeed Prime Minister Justin Trudeau and lead the country into the next general election, which will take place this year.

Earlier this month, Trudeau announced his intent to resign after nine years in office once a new Liberal leader is selected, following mounting pressure on him to step aside.

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