OTTAWA—Mark Carney, the former Canadian and U.K. central banker, formally declared his interest in succeeding Justin Trudeau as leader of Canada’s Liberal Party and the country’s prime minister, promising an economic agenda focused on lifting it from a period of stagnant growth.

A former leader in Canadian politics remarked on how the 2010s and the 2020s have shown staggering defeats for liberalism, but argued the ideology is worth saving.

With Parliament prorogued, the Liberals will begin the process of finding a new leader as support for Pierre Poilievre's Conservatives grows

The former central banker for the UK and Canada pitched himself as a someone who can help a country navigate economic challenges.

Cabinet ministers, a former central banker and a one-time provincial premier are all reportedly eyeing the top job.

Canada’s governing Liberal Party will announce the country’s new prime minister March 9 after a leadership vote that follows the resignation of Justin Trudeau this week

Outgoing Canadian Prime Minister Justin Trudeau's Liberal Party said late on Thursday it will choose a new leader on March 9 ahead of the 2025 elections for which polls show the party in a very weak position.

The Tasmanian Liberal government's leader in the upper house is facing accusations she has breached party rules by actively supporting her son — an independent candidate — to replace her.

The front runners for the Liberal leadership are former central banker Mark Carney and ex-Finance Minster Chrystia Freeland, whose abrupt resignation last month forced Trudeau's exit.

Freeland becomes one of the highest-profile candidates in the leadership contest, joining contenders including former Bank of Canada governor Mark Carney.

Leadership hopefuls have until Jan. 23 to announce their candidacy. But the field for Liberal leadership race seems to be getting narrower.