Foreign Affairs Minister Mélanie Joly has endorsed Mark Carney in the race for the leadership of the Liberal Party of Canada, arguing the former governor of the Bank of Canada has a "clear vision" for the future.

He was tapped by the prime minister to chair a task force on economic growth last September, after being heavily courted to join the Liberal team. Carney was then rumoured to be joining Trudeau’s cabinet as finance minister, replacing Chrystia Freeland. But Freeland resigned, sparking a political crisis, and Carney did not end up in cabinet.

High-profile cabinet minister Foreign Affairs Minister Mélanie Joly says she won't seek the Liberal leadership, according to a source with knowledge of her plans. Joly is expected to make the announcement later this morning.

Former Bank of Canada governor Mark Carney is expected to formally announce his bid to replace Prime Minister Justin Trudeau late next week, a source close to his campaign told CBC News.

Sources in the camps of Chrystia Freeland and Mark Carney say they each have more than 30 MPs supporting their candidacy after Mélanie Joly and Dominic LeBlanc exit the leadership race

Former cabinet ministers Chrystia Freeland and Karina Gould officially launch their bids for Liberal leadership.

Foreign Affairs Minister Mélanie Joly is endorsing Mark Carney for Liberal leader, the first major endorsement from Quebec in the race.