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.

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

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.