Mark Carney, the esteemed former governor of the Bank of England, has officially announced his candidacy to replace Justin Trudeau as the leader of Canada's Liberal Party.

Carney made his intentions known through a striking post on the social media platform X, formerly known as Twitter, with an image declaring 'I'm in.'

This announcement comes in the wake of Prime Minister Justin Trudeau's resignation earlier this month after serving nine impactful years as the party leader.

Trudeau's departure was largely attributed to a decline in support from both his party members and the broader Canadian electorate.

Carney, 59, holds the distinction of being the first non-Briton to govern the Bank of England since its establishment in 1694. His tenure spanned from 2013 until 2020, during which he played a crucial role in navigating the UK economy through the challenges posed by Brexit and the early stages of the COVID-19 pandemic.

Carney's tenure concluded with the appointment of Andrew Bailey as his successor.

Currently, Mark Carney serves as the chairman of Brookfield Asset Management, a Canadian firm specializing in alternative investments.

His experience and vision are evident in a statement released on his website, which emphasizes his commitment to fostering economic growth and unity within Canada.

'We can build bridges between each other, and we can build the fastest-growing economy in the G7,' reads the statement, resonating with Carney's aspiration to harness Canada's potential as 'a proud nation of builders.'

Carney's entry into Canadian politics marks a significant development in the country's political landscape.

His candidacy could reshape the dynamics within the Liberal Party and potentially influence Canada's economic policies, reflecting Carney's globally reputed expertise in financial management and economic strategy.