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 Bank of England and Bank of Canada governor says he is considering running for leader of Canada’s Liberal Party and prime minister.

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.

Former head of UK central bank enters race to take over from Justin Trudeau as leader of Liberal Party and Canada

Former Bank of Canada governor Mark Carney announced a run for Liberal leader and prime minister, promising a centrist focus on the economy.

Chrystia Freeland, the former deputy prime minister, sought to distance herself from Mr. Trudeau in a public letter criticizing him for “costly political gimmicks.”

Mark Carney, the former governor of the Bank of Canada and Bank of England, said he’s considering entering the race to replace Justin Trudeau as Canada’s prime minister.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeCan American Drivers Learn to Love Roundabouts?

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.

Former finance minister turned cabinet turned disrupter Chrystia Freeland will kick off her campaign to be the next Liberal leader at a launch in her Toronto riding today.

The experienced hand who can fix the economy. The tough negotiator who can take on a Donald Trump White House. The millennial long-hauler who can rebuild the party.

Liberal race loses more big names — Stephanie Taylor and Antoine Trépanier, Jan. 14; and ‘I am an outsider’: Carney rips Poilievre, makes Liberal leadership case on The Daily Show — Stuart Thomson, Jan.